Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$125,666
Income Tax
- S$25,492
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$26,692
Net pay
*
S$98,974
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$98,974
Net pay
S$1,020
Tax the employer pays
S$26,692
Tax you pay
Total tax paid
S$27,712
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$125,666. 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$1,507,992 a year living in Singapore, you will be taxed S$320,308. That means that your net pay will be S$1,187,684 per year, or S$98,974 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 850,646
43.6%
1
Canada
SGD 732,024
51.5%
2
Latin America
Country
Net pay
Average tax
Rank
Guatemala
SGD 1,335,733
11.4%
1
Brazil
SGD 1,094,044
27.5%
2
Costa Rica
SGD 1,027,382
31.9%
3
Panama
SGD 1,015,472
32.7%
4
Mexico
SGD 986,639
34.6%
5
Puerto Rico
SGD 982,517
34.9%
6
Argentina
SGD 980,186
35.0%
7
Uruguay
SGD 952,365
36.9%
8
Colombia
SGD 951,350
36.9%
9
Chile
SGD 937,394
37.8%
10
Peru
SGD 934,176
38.1%
11
Ecuador
SGD 878,486
41.7%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
Kuwait
SGD 1,493,819
0.9%
1
Saudi Arabia
SGD 1,488,754
1.3%
2
Bahrain
SGD 1,480,982
1.8%
3
United Arab Emirates
SGD 1,432,592
5.0%
4
Qatar
SGD 1,432,592
5.0%
5
Oman
SGD 1,387,353
8.0%
6
Egypt
SGD 1,131,363
25.0%
7
Lebanon
SGD 1,131,247
25.0%
8
Turkey
SGD 878,525
41.7%
9
Israel
SGD 786,713
47.8%
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.