Total tax paid
₱ 5,350
Did you know your employer also pays tax on your salary? It costs the employer ₱ 2,921 to pay you ₱ 16,683. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 3.21 goes to the government.
Real tax rate
27.3%
So, with you and the employer both paying tax, what used to be a 14.6% tax rate now rises to 27.3%, meaning your real tax rate is actually 12.7% higher than what it seemed at first.