Total tax paid
S$2,409
Did you know your employer also pays tax on your salary? It costs the employer S$1,001 to pay you S$5,972. In other words, every time you spend S$10 of your hard-earned money, S$4.03 goes to the government.
Real tax rate
34.5%
So, with you and the employer both paying tax, what used to be a 23.6% tax rate now rises to 34.5%, meaning your real tax rate is actually 10.9% higher than what it seemed at first.