Total tax paid
₱ 13,760
Did you know your employer also pays tax on your salary? It costs the employer ₱ 8,120 to pay you ₱ 78,604. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 1.75 goes to the government.
Real tax rate
15.9%
So, with you and the employer both paying tax, what used to be a 7.2% tax rate now rises to 15.9%, meaning your real tax rate is actually 8.7% higher than what it seemed at first.