Total tax paid
₱ 2,023
Did you know your employer also pays tax on your salary? It costs the employer ₱ 80.68 to pay you ₱ 7,465. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.71 goes to the government.
Real tax rate
26.8%
So, with you and the employer both paying tax, what used to be a 26% tax rate now rises to 26.8%, meaning your real tax rate is actually 0.8% higher than what it seemed at first.