Showing posts from 2023

Sweldong Pinoy and Budget Pinoy for 2024

Update : The increase in contribution for Pag-IBIG Fund (HDMF) will be straight to 200 instead of 150. The 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 2024, the contibutions for PhilHealth and Pag-IBIG Fund will be higher. PhilHealth In accordance with the Universal Health Care Act (Republic Act No. 11223), the PhilHealth contribution rate will now be 5.0% (from 4.5%) and the income ceiling will increase from 90,000 to 100,000. Source: Pag-IBIG Fund 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. These have been deferred from 2021 to 2023. The contribution

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

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