💰 Finance Calculators
Formula: (Total Basic Salary Earned ÷ 12)
| Agency | 2026 Rate / Status |
|---|---|
| BIR Withholding Tax | TRAIN Law Phase 2 |
| SSS | 15% total (EE: 5%, ER: 10%) |
| PhilHealth | 5% (EE: 2.5%, ER: 2.5%) |
| Pag-IBIG | ₱200 cap (employee share) |
| OT Regular Day | 125% of hourly rate |
| OT Rest Day | 169% of hourly rate |
| OT Regular Holiday | 260% of hourly rate |
| 13th Month Tax Exempt | Up to ₱90,000 |
⚠️ This tool is an independent estimator — not affiliated with BIR, SSS, PhilHealth, or Pag-IBIG. For precise payroll data, consult your HR or the respective government branch.
Each calculator in this suite is designed for a specific payroll scenario. Here is a quick guide to get the most accurate results from each tool:
Enter your loan principal, the annual interest rate quoted by your bank or employer, and the repayment term in months. The calculator uses the standard amortization formula to show your exact monthly payment and total repayment amount. For SSS or Pag-IBIG loans which have fixed rates, check your loan voucher for the exact interest percentage.
Enter your hourly rate (Daily Rate ÷ 8), the number of overtime hours worked, and select the correct DOLE multiplier for the type of day. The multiplier dropdown follows the 2026 Labor Code rates:
Enter your monthly basic salary (not gross — exclude overtime, allowances, and night diff) and the number of months you worked during the calendar year. The formula is mandated by Presidential Decree No. 851:
Filipino workers have access to several loan programs through government agencies. Understanding your options helps you choose the most affordable route:
| Loan Source | Interest Rate | Max Amount | Term |
|---|---|---|---|
| SSS Salary Loan | 10% per annum | 2× monthly salary | 12 or 24 months |
| Pag-IBIG Multi-Purpose Loan | 10.5% per annum | 80% of TAV | Up to 24 months |
| Pag-IBIG Housing Loan | 6.375% (fixed 1yr) | Up to ₱6M | Up to 30 years |
| Bank Personal Loan | 14–36% per annum | Varies | 12–36 months |
| Employer Cash Advance | 0% (usually) | 1× monthly salary | Deducted from next pay |
Government loans (SSS and Pag-IBIG) are almost always the best option due to significantly lower interest rates compared to banks and private lenders. Use the Loan Calculator above to compare monthly payments across different options before deciding.
Under the Labor Code of the Philippines (Article 87), any work performed beyond 8 hours on a regular workday entitles the employee to overtime pay. This right cannot be waived — even if an employer asks you to sign an agreement forgoing OT, that agreement is void under Philippine law.
The following categories are not covered by the OT provisions of the Labor Code: