Total tax paid
₱ 8,750
Did you know your employer also pays tax on your salary? It costs the employer ₱ 4,981 to pay you ₱ 38,402. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.28 goes to the government.
Real tax rate
20.2%
So, with you and the employer both paying tax, what used to be a 9.8% tax rate now rises to 20.2%, meaning your real tax rate is actually 10.4% higher than what it seemed at first.