Total tax paid
₱ 15,703
Did you know your employer also pays tax on your salary? It costs the employer ₱ 1,748 to pay you ₱ 74,000. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.12 goes to the government.
Real tax rate
20.7%
So, with you and the employer both paying tax, what used to be a 18.9% tax rate now rises to 20.7%, meaning your real tax rate is actually 1.8% higher than what it seemed at first.