Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$124,583
Income Tax
- S$25,254
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$26,454
Net pay
*
S$98,129
Marginal tax rate
22.0%
Average tax rate
21.2%
78.8%
Net pay
21.2%
Total tax
Total tax
Net pay
The Taxberg
S$98,129
Net pay
S$1,020
Tax the employer pays
S$26,454
Tax you pay
Total tax paid
S$27,474
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$124,583. In other words, every time you spend S$10 of your hard-earned money, S$2.21 goes to the government.
Real tax rate
21.9%
So, with you and the employer both paying tax, what used to be a 21.2% tax rate now rises to 21.9%, meaning your real tax rate is actually 0.7% higher than what it seemed at first.
Summary
If you make S$1,494,996 a year living in Singapore, you will be taxed S$317,449. That means that your net pay will be S$1,177,547 per year, or S$98,129 per month. Your average tax rate is 21.2% and your marginal tax rate is 22.0%. 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$22, hence, your net pay will only increase by S$78.
Bonus Example
A S$1,000 bonus will generate an extra S$780 of net incomes. A S$5,000 bonus will generate an extra S$3,900 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
SGD 843,719
43.6%
1
Canada
SGD 725,985
51.4%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Kazakhstan
SGD 1,336,407
10.6%
1
Hong Kong
SGD 1,245,234
16.7%
2
Singapore
SGD 1,177,547
21.2%
3
Indonesia
SGD 1,015,584
32.1%
4
Thailand
SGD 990,175
33.8%
5
Pakistan
SGD 977,722
34.6%
6
Vietnam
SGD 973,941
34.9%
7
Philippines
SGD 937,548
37.3%
8
Taiwan
SGD 930,682
37.8%
9
New Zealand
SGD 926,182
38.1%
10
Malaysia
SGD 908,016
39.3%
11
China
SGD 860,219
42.5%
12
Japan
SGD 841,019
43.7%
13
South Korea
SGD 820,494
45.1%
14
Australia
SGD 818,034
45.3%
15
India
SGD 463,677
69.0%
16
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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.