Total tax paid
₱ 8,499
Did you know your employer also pays tax on your salary? It costs the employer ₱ 4,831 to pay you ₱ 35,520. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.39 goes to the government.
Real tax rate
21.1%
So, with you and the employer both paying tax, what used to be a 10.3% tax rate now rises to 21.1%, meaning your real tax rate is actually 10.8% higher than what it seemed at first.