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Sweldong Pinoy: A Guide to Understanding Net Pay, Deductions, and Managing Your Income

By Celine -
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Managing your income can be a tricky task, especially when it comes to calculating your take-home pay after all the necessary deductions. Thankfully, there are tools like Sweldong Pinoy that can help make this process easier. In this post, we will discuss what Sweldong Pinoy is, how to use it, the difference between net pay and gross pay, and what deductions to expect. Finally, we will end with a recommendation on how to manage your income nicely. What is Sweldong Pinoy? Sweldong Pinoy is a free online tool that helps Filipino employees calculate their monthly net pay. It takes into account all the necessary deductions, such as taxes, SSS contributions, PhilHealth contributions, and Pag-IBIG contributions. The tool is easy to use and can help employees get a clear understanding of how much they will take home at the end of the month. Sweldong Pinoy: Enter your Basic Pay or Gross Pay. Add allow
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Sweldong Pinoy and Budget Pinoy for 2023

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Update : The increase in contribution for Pag-IBIG Fund (HDMF) and PhilHealth will not continue this year. The Sweldong Pinoy apps have been updated. Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. Budget Pinoy is a tool for Filipinos in finding out how much their asking salary should be based on their budget. In 2023, the tax deductions will decrease but the contibutions for PhilHealth, SSS, and Pag-IBIG Fund will be higher. Tax According to Republic Act 10963 or Tax Reform for Acceleration and Inclusion (TRAIN), the taxes will be reduced starting 2023. SSS Pursuant to Republic Act No. 11199 (The Social Security Act of 2018), the monthly contributions of SSS members will be increased from the current 13% to 14% . Employer share will be 9.5% (from 8.5%) while the employee share will still be 4.5% . The minimum and maximum salary credits to be used for computation wi
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Sweldong Pinoy in 2021

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Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. Here are the updates we have released this year for Sweldong Pinoy, Budget Pinoy, and Thirteenth Month. Deferring PhilHealth Contribution Increase Contributions for SSS and PhilHealth have increased but for PhilHealth, it was deferred . We have immediately updated all our apps after the announcement. Sweldong Pinoy and Budget Pinoy for 2022 Contributions for PhilHealth and Pag-IBIG Fund are increasing in 2022 . The Android and web apps of Sweldong Pinoy and Budget Pinoy has been updated. A dropdown was added so users can choose and compare between the current or upcoming rates. Other Updates There have been a few updates focusing on design and performance updates to the apps. Looking forward to 2022 Thank you to everyone who uses Sweldong Pinoy apps and sends us feedback. We're looking forward to adding more features
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Sweldong Pinoy and Budget Pinoy for 2022

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Update : Pag-IBIG will defer the increase in contribution again as they had a strong performance in 2021. The Sweldong Pinoy apps have been updated. Sweldong Pinoy is a salary calculator for Filipinos in computing net pay, withholding taxes and contributions to SSS/GSIS, PhilHealth and PAG-IBIG. Next year, contributions will be changing again; we're updating Sweldong Pinoy with the new rates. What's Changing? Last year, contributions for SSS was increased and will still be the same. In accordance with the Universal Health Care Act (Republic Act No. 11223), the PhilHealth contribution rate will rise to 4.0% (from 3.5%) and the income ceiling will now be 80,000 (from 70,000). However, the increase for 2021 was deferred. Pag-IBIG Fund members' mandatory monthly savings was also scheduled to increase from the current P100 to 150 by January 2021 and to 200 by January 2023. This was postponed to 2022 . Sweldong Pinoy and Budget Pinoy Updates We have updat
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