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BIR Withholding Tax Table for the Year 2023 Onward

Republic Act (RA) 10963 Tax Reform for Acceleration and Inclusion, also known as TRAIN Law, has amended Section 24 of the National Internal Revenue Code (NIRC) which pertains to the Income Tax Rate for Individual.

The act stated two schedule of new income tax rate as follows:

a) Effective January 1, 2018 to December 31, 2022

b) Effective January 1, 2023 and onward

Under Revenue Regulation (RR) 11-2018 Annex E, the new schedule of withholding tax on compensation effective January 1, 2023 and onward is as shown below.

Withholding Tax Table for 2023 Onward

Payroll FrequencyBracket/ColumnFromToFix TaxTax Rate on Excess
Daily1068500
26851,095015%
31096219161.6520%
42,1925,478280.8525%
55,47921,9171,102.630%
621,918and above6,034.335%
Weekly104,80800
24,8087,691015%
37,69215,384432.620%
415,38538,4611,971.225%
538,462153,8457,740.4530%
6153,846and above42,355.6535%
Semi-monthly1010,41700
210,41716,666015%
316,66733,332937.520%
433,33383,3324,270.725%
583,333333,33216,770.730%
6333,333and above91,770.735%
Monthly1020,83300
220,83333,332015%
333,33366,6661,87520%
466,667166,6668,541.825%
5166,667666,66633,541.830%
6666,667and above183,541.835%

Annual Income Tax Table for 2023 Onward

BracketFromToFix TaxRate on Excess
10250,00000
2250,000400,000015%
3400,000800,00022,50020%
4800,0002,000,000102,50025%
52,000,0008,000,000402,50030%
68,000,000and above2,202,50035%


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Contact Us, those organizations need to modernize HR Management Tools and a paperless solution to speed-up the entire process of human resources and the automation of timekeeping to payroll processing that every process module has approvals.