DOF releases online tax calculator
The Department of Finance has an online tax calculator to show the benefits of the upcoming Tax Reform for Acceleration and Inclusion (TRAIN).
The calculator is fairly simple and straightforward. It will ask for your marital status, if private or government employee, gross monthly salary, and the number of dependents.
Again, the main purpose of the portal is just to show how much working Filipinos will be able to save when the new income tax scheme gets implemented.
To access the online tax calculator, click here.