Total tax paid
S$2,660
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$8,062. In other words, every time you spend S$10 of your hard-earned money, S$3.30 goes to the government.
Real tax rate
29.3%
So, with you and the employer both paying tax, what used to be a 20.3% tax rate now rises to 29.3%, meaning your real tax rate is actually 9% higher than what it seemed at first.