Total tax paid
₱ 14,801
Did you know your employer also pays tax on your salary? It costs the employer ₱ 80.68 to pay you ₱ 43,000. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 3.44 goes to the government.
Real tax rate
34.4%
So, with you and the employer both paying tax, what used to be a 34.2% tax rate now rises to 34.4%, meaning your real tax rate is actually 0.2% higher than what it seemed at first.