Total tax paid
₨ 18,000
Did you know your employer also pays tax on your salary? It costs the employer ₨ 15,000 to pay you ₨ 18,460. In other words, every time you spend ₨ 10 of your hard-earned money, ₨ 9.75 goes to the government.
Real tax rate
53.8%
So, with you and the employer both paying tax, what used to be a 16.3% tax rate now rises to 53.8%, meaning your real tax rate is actually 37.5% higher than what it seemed at first.