Total tax paid
₱ 530
Did you know your employer also pays tax on your salary? It costs the employer ₱ 8.40 to pay you ₱ 1,701. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 3.12 goes to the government.
Real tax rate
31.0%
So, with you and the employer both paying tax, what used to be a 30.7% tax rate now rises to 31.0%, meaning your real tax rate is actually 0.3% higher than what it seemed at first.