Where the rest goes
Four things leave your pay before it reaches you. Here is each, and roughly how much.
Social Security System. Your 5 percent share of the monthly salary credit funds retirement, sickness, and maternity benefits. Salary credits above ₱20,000 also build your MySSS Pension Booster savings.
5% of MSCNational health insurance that helps cover your hospital and medical costs. The 5 percent premium is split equally with your employer.
2.5%The national housing fund. Savings that also unlock low-rate housing loans, capped at ₱200 per month.
up to ₱200Income tax under the TRAIN law, applied to what is left after the three above.
graduatedQuestions people ask
answered in plain wordsTake-home pay is what remains of your gross salary after mandatory contributions (SSS, PhilHealth, and Pag-IBIG) and withholding tax are deducted. It is the amount that actually reaches your bank account each month.