Total tax paid
S$35,450
Did you know your employer also pays tax on your salary? It costs the employer S$12,240 to pay you S$125,736. In other words, every time you spend S$10 of your hard-earned money, S$2.82 goes to the government.
Real tax rate
25.7%
So, with you and the employer both paying tax, what used to be a 18.5% tax rate now rises to 25.7%, meaning your real tax rate is actually 7.2% higher than what it seemed at first.