Total tax paid
₱ 12,019
Did you know your employer also pays tax on your salary? It costs the employer ₱ 7,019 to pay you ₱ 64,000. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 1.88 goes to the government.
Real tax rate
16.9%
So, with you and the employer both paying tax, what used to be a 7.8% tax rate now rises to 16.9%, meaning your real tax rate is actually 9.1% higher than what it seemed at first.