Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$126,035
Income Tax
- S$25,574
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$26,774
Net pay
*
S$99,261
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$99,261
Net pay
S$1,020
Tax the employer pays
S$26,774
Tax you pay
Total tax paid
S$27,794
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$126,035. 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$1,512,420 a year living in Singapore, you will be taxed S$321,282. That means that your net pay will be S$1,191,138 per year, or S$99,261 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.
North America
Country
Net pay
Average tax
Rank
USA
SGD 853,006
43.6%
1
Canada
SGD 734,082
51.5%
2
Latin America
Country
Net pay
Average tax
Rank
Guatemala
SGD 1,339,652
11.4%
1
Brazil
SGD 1,097,255
27.5%
2
Costa Rica
SGD 1,030,354
31.9%
3
Panama
SGD 1,018,428
32.7%
4
Mexico
SGD 989,518
34.6%
5
Puerto Rico
SGD 985,380
34.9%
6
Argentina
SGD 983,064
35.0%
7
Uruguay
SGD 955,054
36.9%
8
Colombia
SGD 954,051
36.9%
9
Chile
SGD 940,050
37.8%
10
Peru
SGD 936,888
38.1%
11
Ecuador
SGD 881,012
41.8%
12
Show more
Africa
Country
Net pay
Average tax
Rank
Angola
SGD 1,100,517
27.2%
1
Kenya
SGD 1,059,371
30.0%
2
Ivory Coast
SGD 1,030,371
31.9%
3
Nigeria
SGD 1,028,914
32.0%
4
Ghana
SGD 1,001,798
33.8%
5
Mozambique
SGD 986,026
34.8%
6
Zambia
SGD 930,528
38.5%
7
Cameroon
SGD 922,483
39.0%
8
Morocco
SGD 919,526
39.2%
9
Senegal
SGD 908,979
39.9%
10
South Africa
SGD 845,117
44.1%
11
Uganda
SGD 836,602
44.7%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
Kuwait
SGD 1,498,247
0.9%
1
Saudi Arabia
SGD 1,493,182
1.3%
2
Bahrain
SGD 1,485,366
1.8%
3
United Arab Emirates
SGD 1,436,799
5.0%
4
Qatar
SGD 1,436,799
5.0%
5
Oman
SGD 1,391,426
8.0%
6
Egypt
SGD 1,134,684
25.0%
7
Lebanon
SGD 1,134,568
25.0%
8
Turkey
SGD 881,104
41.7%
9
Israel
SGD 788,927
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.