Total tax paid
₱ 4,655
Did you know your employer also pays tax on your salary? It costs the employer ₱ 2,523 to pay you ₱ 4,200. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 11.08 goes to the government.
Real tax rate
69.2%
So, with you and the employer both paying tax, what used to be a 50.8% tax rate now rises to 69.2%, meaning your real tax rate is actually 18.4% higher than what it seemed at first.