Total tax paid
₱ 16,360
Did you know your employer also pays tax on your salary? It costs the employer ₱ 9,820 to pay you ₱ 104,000. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 1.57 goes to the government.
Real tax rate
14.4%
So, with you and the employer both paying tax, what used to be a 6.3% tax rate now rises to 14.4%, meaning your real tax rate is actually 8.1% higher than what it seemed at first.