Try DOF’s Online Tax Calculator to see how much you can save under the proposed tax reform program

Darryl Esguerra
PUBLISHED December 1, 2017 08:53 am | UPDATED December 22, 2017 09:38 am
DOF Online Tax Calulator

(Inside Manila) The website of the Department of Finance (DOF) (dof.gov.ph) has an online tax calculator that lets you compute how much of your salary can be saved now that the proposed Tax Reform for Acceleration and Inclusion (TRAIN) program is signed into law by President Duterte.


The proposed tax reform program, according to DOF, aims to put a tax system that is “simpler, fairer, and more efficient for all” while raising the necessary resources to cover infrastructure and other projects by the government.


The proposed tax system also assures that the tax burden of the poor and the middle class will be lessened, which could be a welcome development for employees and workers in both private and government sectors.


We tried the Online Tax Calculator for a private organization employee with a gross monthly income of P18,000 and single with no dependent. Here’s what we got:





Compute now how much your tax reform could be and where you can put your saved money! Click or tap here to try the tax calculator.

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