Total tax paid
E£ 10.24
Did you know your employer also pays tax on your salary? It costs the employer E£ 6.31 to pay you E£ 1,021. In other words, every time you spend E£ 10 of your hard-earned money, E£ 0.10 goes to the government.
Real tax rate
1.0%
So, with you and the employer both paying tax, what used to be a 0.4% tax rate now rises to 1.0%, meaning your real tax rate is actually 0.6% higher than what it seemed at first.