Wednesday, December 21, 2011

Tax

I honestly thought tax is suppose to be 5% of ones gross pay. I will describe what I am feeling now as "really dissappointed".

Reason: I just received my first paycheque today and the amount deducted as tax was wooping. 5 grand is not a small somethinh oh, I honestly calculated 3500. On top of that too is the pension contribution which in my appointment letter, they said has not yet started. But lo and behold another 5 grand deduction. So the take home is just 4 grand above what "I earned previously".

How sad!!