Total tax paid
₨ 46,000
Did you know your employer also pays tax on your salary? It costs the employer ₨ 1,250 to pay you ₨ 343,001. In other words, every time you spend ₨ 10 of your hard-earned money, ₨ 1.34 goes to the government.
Real tax rate
13.4%
So, with you and the employer both paying tax, what used to be a 13% tax rate now rises to 13.4%, meaning your real tax rate is actually 0.4% higher than what it seemed at first.