Total tax paid
₱ 8,443
Did you know your employer also pays tax on your salary? It costs the employer ₱ 4,803 to pay you ₱ 34,099. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.48 goes to the government.
Real tax rate
21.7%
So, with you and the employer both paying tax, what used to be a 10.7% tax rate now rises to 21.7%, meaning your real tax rate is actually 11% higher than what it seemed at first.