Income Tax Calculator Singapore
Find out how much your salary is after tax
Salary rate
Withholding
Salary S$18,000
Income Tax - S$2,021
Central Provident Fund (CPF) - S$1,200
Total tax - S$3,221
Net pay * S$14,779
Marginal tax rate 19.4%
Average tax rate 17.9%
17.9%Total tax
82.1%
Net payThe Taxberg
S$14,779
Net pay
S$1,020
Tax the employer pays
S$3,221
Tax you pay
Total tax paid
$4,241
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$18,000. In other words, every time you spend $10 of your hard-earned money, $2.36 goes to the government.
Real tax rate
22.3%
So, with you and the employer both paying tax, what used to be a 17.9% tax rate now rises to 22.3%, meaning your real tax rate is actually 4.4% higher than what it seemed at first.
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Summary
If you make S$216,000 a year living in Singapore, you will be taxed S$38,654. That means that your net pay will be S$177,346 per year, or S$14,779 per month. Your average tax rate is 17.9% and your marginal tax rate is 19.4%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $19.4, hence, your net pay will only increase by $80.6.
Bonus ExampleA $1,000 bonus will generate an extra $806 of net incomes. A $5,000 bonus will generate an extra $4,030 of net incomes.
NOTE* Withholding is calculated based on the Singapore tables of SG, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.