Total tax paid
₱ 13,310
Did you know your employer also pays tax on your salary? It costs the employer ₱ 7,826 to pay you ₱ 74,218. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 1.79 goes to the government.
Real tax rate
16.2%
So, with you and the employer both paying tax, what used to be a 7.4% tax rate now rises to 16.2%, meaning your real tax rate is actually 8.8% higher than what it seemed at first.