Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$1,301
Central Provident Fund (CPF)
- S$260
Total tax
- S$260
Net pay
* S$1,041
Marginal tax rate
19.2%
Average tax rate
20.0%
80.0%
Net pay
20.0%
Total tax
Total tax
Net pay
The Taxberg
S$1,041
Net pay
S$222
Tax the employer pays
S$260
Tax you pay
Total tax paid
S$481
Did you know your employer also pays tax on your salary? It costs the employer S$222 to pay you S$1,301. In other words, every time you spend S$10 of your hard-earned money, S$3.70 goes to the government.
Real tax rate
31.6%
So, with you and the employer both paying tax, what used to be a 20% tax rate now rises to 31.6%, meaning your real tax rate is actually 11.6% higher than what it seemed at first.
Summary
If you make S$15,612 a year living in Singapore, you will be taxed S$3,118. That means that your net pay will be S$12,495 per year, or S$1,041 per month. Your average tax rate is 20.0% and your marginal tax rate is 19.2%. 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$19.20, hence, your net pay will only increase by S$80.80.
Bonus Example
A S$1,000 bonus will generate an extra S$808 of net incomes. A S$5,000 bonus will generate an extra S$4,040 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
SGD 14,068
9.9%
1
Canada
SGD 11,911
23.7%
2
Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
SGD 14,382
7.9%
1
Colombia
SGD 14,195
9.1%
2
Ecuador
SGD 14,130
9.5%
3
Guatemala
SGD 14,115
9.6%
4
Costa Rica
SGD 13,973
10.5%
5
Panama
SGD 13,895
11.0%
6
Mexico
SGD 13,003
16.7%
7
Chile
SGD 12,862
17.6%
8
Brazil
SGD 12,491
20.0%
9
Uruguay
SGD 12,474
20.1%
10
Peru
SGD 12,238
21.6%
11
Argentina
SGD 10,139
35.1%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
SGD 13,864
11.2%
1
Morocco
SGD 12,101
22.5%
2
Mozambique
SGD 11,977
23.3%
3
Ivory Coast
SGD 11,701
25.1%
4
Kenya
SGD 11,605
25.7%
5
Angola
SGD 11,587
25.8%
6
Ghana
SGD 11,416
26.9%
7
Cameroon
SGD 11,253
27.9%
8
Nigeria
SGD 10,785
30.9%
9
Uganda
SGD 10,540
32.5%
10
Senegal
SGD 10,489
32.8%
11
Zambia
SGD 9,991
36.0%
12
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.