Total tax paid
E£ 9.63
Did you know your employer also pays tax on your salary? It costs the employer E£ 5.94 to pay you E£ 1,020. In other words, every time you spend E£ 10 of your hard-earned money, E£ 0.09 goes to the government.
Real tax rate
0.9%
So, with you and the employer both paying tax, what used to be a 0.4% tax rate now rises to 0.9%, meaning your real tax rate is actually 0.5% higher than what it seemed at first.