Total tax paid
₱ 11,562
Did you know your employer also pays tax on your salary? It costs the employer ₱ 6,734 to pay you ₱ 60,424. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 1.91 goes to the government.
Real tax rate
17.2%
So, with you and the employer both paying tax, what used to be a 8% tax rate now rises to 17.2%, meaning your real tax rate is actually 9.2% higher than what it seemed at first.