Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$12,744
Income Tax
- S$1,074
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$2,274
Net pay
* S$10,470
Marginal tax rate
15.0%
Average tax rate
17.8%
82.2%
Net pay
17.8%
Total tax
Total tax
Net pay
The Taxberg
S$10,470
Net pay
S$1,020
Tax the employer pays
S$2,274
Tax you pay
Total tax paid
S$3,294
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$12,744. In other words, every time you spend S$10 of your hard-earned money, S$2.58 goes to the government.
Real tax rate
23.9%
So, with you and the employer both paying tax, what used to be a 17.8% tax rate now rises to 23.9%, meaning your real tax rate is actually 6.1% higher than what it seemed at first.
Summary
If you make S$152,928 a year living in Singapore, you will be taxed S$27,289. That means that your net pay will be S$125,639 per year, or S$10,470 per month. Your average tax rate is 17.8% 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 107,947
29.4%
1
Canada
SGD 99,169
35.2%
2
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 145,282
5.0%
1
Qatar
SGD 145,282
5.0%
2
Bahrain
SGD 140,694
8.0%
3
Oman
SGD 140,694
8.0%
4
Kuwait
SGD 138,755
9.3%
5
Saudi Arabia
SGD 137,635
10.0%
6
Egypt
SGD 115,065
24.8%
7
Lebanon
SGD 114,949
24.8%
8
Israel
SGD 102,971
32.7%
9
Turkey
SGD 89,323
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.