Total tax paid
₱ 8,461
Did you know your employer also pays tax on your salary? It costs the employer ₱ 4,812 to pay you ₱ 34,560. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.45 goes to the government.
Real tax rate
21.5%
So, with you and the employer both paying tax, what used to be a 10.6% tax rate now rises to 21.5%, meaning your real tax rate is actually 10.9% higher than what it seemed at first.