The Taxberg
₱ 343,589
Net pay
₱ 1,209
Tax the employer pays
₱ 36,411
Tax you pay
Total tax paid
₱ 37,620
Did you know your employer also pays tax on your salary? It costs the employer ₱ 1,209 to pay you ₱ 380,000. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 0.99 goes to the government.
Real tax rate
So, with you and the employer both paying tax, what used to be a 9.6% tax rate now rises to 9.9%, meaning your real tax rate is actually 0.3% higher than what it seemed at first.