Rates of tax on citizens or residents.
Section 21
SEC. 21. Rates of tax on citizens or residents. — There shall be levied, assessed, collected, and paid annually upon the entire net income received in the preceding taxable year of the Philippines, a tax equal to the sum of the following: One per centum per annum upon the amount by which such total net income does not exceed two thousand pesos; Two per centum per annum upon the amount by which such total net income exceeds two thousand pesos and does not exceed four thousand pesos; Three per centum per annum upon the amount by which such total net income exceeds four thousand pesos and does not exceed six thousand pesos; Four per centum per annum upon the amount by which such total net income exceeds six thousand pesos and does not exceed ten thousand pesos; Five per centum per annum upon the amount by which such total net income exceeds ten thousand pesos and does not exceed twenty thousand pesos; Six per centum per annum upon the amount by which such total net income exceeds twenty thousand pesos and does not exceed thirty thousand pesos; Seven per centum per annum upon the amount by which such total net income exceeds thirty thousand pesos and does not exceed forty thousand pesos; Eight per centum per annum upon the amount by which such total net income exceeds forty thousand pesos and does not exceed fifty thousand pesos; Nine per centum per annum upon the amount by which such total net income exceeds fifty thousand pesos and does not exceed sixty thousand pesos; Ten per centum per annum upon the amount by which total net income exceeds sixty thousand pesos and does not exceed seventy thousand pesos; Eleven per centum per annum upon the amount by which such total net income exceeds seventy thousand pesos and does not exceed eighty thousand pesos; Twelve per centum per annum upon the amount by which such total net income exceeds eighty thousand pesos and does not exceed ninety thousand pesos; Thirteen per centum per annum upon the amount by which such total net income exceeds ninety thousand pesos and does not exceed one hundred thousand pesos; Fourteen per centum per annum upon the amount by which such total net income exceeds one hundred thousand pesos and does not exceed one hundred and twenty thousand pesos; Fifteen per centum per annum upon the amount by which such total net income exceeds one hundred and twenty thousand pesos and does not exceed one hundred and forty thousand pesos; Seventeen per centum per annum upon the amount by which such total net income exceeds one hundred and forty thousand pesos and does not exceed one hundred and sixty thousand pesos; Nineteen per centum per annum upon the amount by which such total net income exceeds one hundred and sixty thousand pesos and does not exceed one hundred and eighty thousand pesos; Twenty-one per centum per annum upon the amount by which such total net income exceeds one hundred and eighty thousand pesos and does not exceed two hundred thousand pesos; Twenty-three per centum per annum upon the amount by which such total net income exceeds two hundred thousand pesos and does not exceed two hundred and twenty-five thousand pesos; Twenty-five per centum per annum upon the amount by which such total net income exceeds two hundred and twenty-five thousand pesos and does not exceed two hundred and seventy-five thousand pesos; Twenty-nine per centum per annum upon the amount by which such total net income exceeds two hundred and seventy-five thousand pesos and does not exceed three hundred thousand pesos; Thirty-one per centum per annum upon the amount by which such total net income exceeds three hundred thousand pesos and does not exceed three hundred and fifty thousand pesos; Thirty-three per centum per annum upon the amount by which such total net income exceeds three hundred and fifty thousand pesos and does not exceed four hundred thousand pesos; Thirty-five per centum per annum upon the amount by which such total net income exceeds four hundred thousand pesos and does not exceed four hundred and fifty thousand pesos; Thirty-seven per centum per annum upon the amount by which such total net income exceeds four hundred and fifty thousand pesos and does not exceed five hundred thousand pesos; Thirty-nine per centum per annum upon the amount by which such total net income exceeds five hundred thousand pesos and does not exceed six hundred thousand pesos; Forty-one per centum per annum upon the amount by which such total net income exceeds seven hundred thousand pesos and does not exceed eight hundred thousand pesos; Forty-two per centum per annum upon the amount by which such total net income exceeds eight hundred thousand pesos and does not exceed one million pesos; Forty-three per centum per annum upon the amount by which such total net income exceeds one million pesos and does not exceed one million and five hundred thousand pesos; Forty-four per centum per annum upon the amount by which such total net income exceeds one million and five hundred thousand pesos and does not exceed two million pesos; Forty-five per centum per annum upon the amount by which such total net income exceeds two million pesos.