Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$12,167
Income Tax
- S$988
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$2,188
Net pay
*
S$9,979
Marginal tax rate
15.0%
Average tax rate
18.0%
82.0%
Net pay
18.0%
Total tax
Total tax
Net pay
The Taxberg
S$9,979
Net pay
S$1,020
Tax the employer pays
S$2,188
Tax you pay
Total tax paid
S$3,208
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$12,167. In other words, every time you spend S$10 of your hard-earned money, S$2.64 goes to the government.
Real tax rate
24.3%
So, with you and the employer both paying tax, what used to be a 18% tax rate now rises to 24.3%, meaning your real tax rate is actually 6.3% higher than what it seemed at first.
Summary
If you make S$146,004 a year living in Singapore, you will be taxed S$26,251. That means that your net pay will be S$119,753 per year, or S$9,979 per month. Your average tax rate is 18.0% 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.
North America
Country
Net pay
Average tax
Rank
USA
SGD 103,725
29.0%
1
Canada
SGD 95,449
34.6%
2
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.