Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$10,963
Income Tax
- S$807
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$2,007
Net pay
* S$8,956
Marginal tax rate
15.0%
Average tax rate
18.3%
81.7%
Net pay
18.3%
Total tax
Total tax
Net pay
The Taxberg
S$8,956
Net pay
S$1,020
Tax the employer pays
S$2,007
Tax you pay
Total tax paid
S$3,027
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$10,963. In other words, every time you spend S$10 of your hard-earned money, S$2.76 goes to the government.
Real tax rate
25.3%
So, with you and the employer both paying tax, what used to be a 18.3% tax rate now rises to 25.3%, meaning your real tax rate is actually 7% higher than what it seemed at first.
Summary
If you make S$131,556 a year living in Singapore, you will be taxed S$24,083. That means that your net pay will be S$107,473 per year, or S$8,956 per month. Your average tax rate is 18.3% and your marginal tax rate is 15.0%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of S$100 in your salary will be taxed S$15, hence, your net pay will only increase by S$85.
Bonus Example
A S$1,000 bonus will generate an extra S$850 of net incomes. A S$5,000 bonus will generate an extra S$4,250 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
SGD 94,735
28.0%
1
Canada
SGD 87,337
33.6%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 117,475
10.7%
1
Chile
SGD 102,777
21.9%
2
Costa Rica
SGD 102,376
22.2%
3
Uruguay
SGD 97,293
26.0%
4
Panama
SGD 96,701
26.5%
5
Colombia
SGD 96,494
26.7%
6
Brazil
SGD 96,128
26.9%
7
Puerto Rico
SGD 95,467
27.4%
8
Ecuador
SGD 92,984
29.3%
9
Peru
SGD 91,109
30.7%
10
Mexico
SGD 90,721
31.0%
11
Argentina
SGD 85,502
35.0%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 124,978
5.0%
1
Qatar
SGD 124,978
5.0%
2
Bahrain
SGD 121,032
8.0%
3
Oman
SGD 121,032
8.0%
4
Kuwait
SGD 118,414
10.0%
5
Saudi Arabia
SGD 118,400
10.0%
6
Egypt
SGD 99,036
24.7%
7
Lebanon
SGD 98,920
24.8%
8
Israel
SGD 90,746
31.0%
9
Turkey
SGD 76,875
41.6%
10
Show more
NOTE* Withholding is calculated based on the tables of Singapore, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. Income tax calculations include personal tax credit deductions. CPF calculations are determined for regular wages only, assuming there are no additional wages. This document does not represent legal authority and shall be used for approximation purposes only.