Total tax paid
S$14,251
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$64,476. In other words, every time you spend S$10 of your hard-earned money, S$2.21 goes to the government.
Real tax rate
21.8%
So, with you and the employer both paying tax, what used to be a 20.5% tax rate now rises to 21.8%, meaning your real tax rate is actually 1.3% higher than what it seemed at first.