Total tax paid
₱ 220,382
Did you know your employer also pays tax on your salary? It costs the employer ₱ 20,976 to pay you ₱ 996,004. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 2.21 goes to the government.
Real tax rate
21.7%
So, with you and the employer both paying tax, what used to be a 20% tax rate now rises to 21.7%, meaning your real tax rate is actually 1.7% higher than what it seemed at first.