Sweldong Pinoy in 2017

Happy New Year! 2017 has been a great year for Sweldong Pinoy. We have released a new Sweldong Pinoy and two new projects: Budget Pinoy and Budget Penny.

New Sweldong Pinoy

We've updated Sweldong Pinoy based on Republic Act 10963 or Tax Reform for Acceleration and Inclusion (TRAIN) and PhilHealth Circular No. 2017-0024. Learn more about the changes here.

These updates are already available in https://www.sweldongpinoy.com, in version 4.0 of the Sweldong Pinoy Android app, and in our other apps.

Budget Penny

We also developed Budget Penny last year. Budget Penny is your budget assistant. She can help you with your finances. Simply tell her your monthly budget and update her of your expenses as often as you like. Moreover, you can ask her how much is your remaining balance or whether you still have budget.

Budget Pinoy

Earlier in 2017, we released Budget Pinoy, a tool for Filipinos in computing gross and net pay based on user's budget.

Budget Pinoy allows users to input their projected expenses and budget and determine what their asking rate should be. You can try Budget Pinoy at https://play.google.com/apps/testing/com.sweldongpinoy.budget. Let us know too how we can improve the app to help you more in your budgetting needs.

2018 and beyond

Sweldong Pinoy will be turning six this year! We'll still continue to update our apps. If you have suggestions on how we can improve them, please send send us a message.

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Originally published at the Sweldong Pinoy Blog

New Year, New Sweldong Pinoy

It's almost the end of the year. Are you excited for 2018? There are two major changes starting next year: Republic Act 10963 or Tax Reform for Acceleration and Inclusion (TRAIN) will be effective and PhilHealth issues Circular No. 2017-0024 increasing the contribution rate.

TRAIN gives higher take-home pay for most employees. Those earning less than 250 thousand pesos annually will be exempted from paying income tax. Tax exemption for the 13th month pay and other bonuses was also increased from 82 thousand pesos to 90 thousand pesos. The tax schedule will reduce income tax for around 7.5 million people. It will also go down by 2023. Other provisions of the law include higher tax on sugar-sweetened drinks, higher taxes on fuels (gasoline, diesel, and gasoline, diesel, and liquefied petroleum gas), cars, tobacco, and coal, and taxing cosmetic surgeries.

The monthly PhilHealth contribution will be at 2.75% of the monthly salary (it was previously at 2.5%). Salary brackets will be removed and the floor and ceiling of the computation will be 10 thousand and 40 thousand pesos, respectively. You can learn more about this in Circular No. 2017-0024

These updates are available in https://www.sweldongpinoy.com, in version 4.0 of the Sweldong Pinoy Android app (rolling out now), and in all our apps. We'll still continue to update the apps. Email us at info@sweldongpinoy.com or send us a message if you have questions and suggestions about our apps

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Originally published at the Sweldong Pinoy Blog