Total tax paid
₱ 29,968
Did you know your employer also pays tax on your salary? It costs the employer ₱ 874 to pay you ₱ 104,208. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.88 goes to the government.
Real tax rate
28.5%
So, with you and the employer both paying tax, what used to be a 27.9% tax rate now rises to 28.5%, meaning your real tax rate is actually 0.6% higher than what it seemed at first.