Total tax paid
₱ 15,567
Did you know your employer also pays tax on your salary? It costs the employer ₱ 9,301 to pay you ₱ 96,251. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 1.62 goes to the government.
Real tax rate
14.7%
So, with you and the employer both paying tax, what used to be a 6.5% tax rate now rises to 14.7%, meaning your real tax rate is actually 8.2% higher than what it seemed at first.