Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$20,280
Income Tax
- S$2,463
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$3,663
Net pay
*
S$16,617
Marginal tax rate
19.4%
Average tax rate
18.1%
81.9%
Net pay
18.1%
Total tax
Total tax
Net pay
The Taxberg
S$16,617
Net pay
S$1,020
Tax the employer pays
S$3,663
Tax you pay
Total tax paid
S$4,683
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$20,280. In other words, every time you spend S$10 of your hard-earned money, S$2.31 goes to the government.
Real tax rate
22.0%
So, with you and the employer both paying tax, what used to be a 18.1% tax rate now rises to 22.0%, meaning your real tax rate is actually 3.9% higher than what it seemed at first.
Summary
If you make S$243,360 a year living in Singapore, you will be taxed S$43,962. That means that your net pay will be S$199,398 per year, or S$16,617 per month. Your average tax rate is 18.1% 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 S$100 in your salary will be taxed S$19.40, hence, your net pay will only increase by S$80.60.
Bonus Example
A S$1,000 bonus will generate an extra S$806 of net incomes. A S$5,000 bonus will generate an extra S$4,030 of net incomes.
Europe
Country
Net pay
Average tax
Rank
Russia
SGD 211,723
13.0%
1
Hungary
SGD 198,338
18.5%
2
Ukraine
SGD 195,905
19.5%
3
Czech Republic
SGD 185,975
23.6%
4
Switzerland
SGD 173,767
28.6%
5
United Kingdom
SGD 153,912
36.8%
6
France
SGD 147,717
39.3%
7
Norway
SGD 146,839
39.7%
8
Spain
SGD 145,853
40.1%
9
Austria
SGD 144,526
40.6%
10
Poland
SGD 143,751
40.9%
11
Romania
SGD 142,366
41.5%
12
Denmark
SGD 141,896
41.7%
13
Greece
SGD 139,030
42.9%
14
Ireland
SGD 136,614
43.9%
15
Netherlands
SGD 135,164
44.5%
16
Sweden
SGD 134,461
44.8%
17
Luxembourg
SGD 130,892
46.2%
18
Germany
SGD 130,290
46.5%
19
Italy
SGD 120,150
50.6%
20
Finland
SGD 110,071
54.8%
21
Portugal
SGD 105,641
56.6%
22
Belgium
SGD 98,232
59.6%
23
Show more
North America
Country
Net pay
Average tax
Rank
USA
SGD 165,697
31.9%
1
Canada
SGD 143,889
40.9%
2
Latin America
Country
Net pay
Average tax
Rank
Guatemala
SGD 216,431
11.1%
1
Costa Rica
SGD 178,497
26.7%
2
Brazil
SGD 177,186
27.2%
3
Colombia
SGD 176,966
27.3%
4
Uruguay
SGD 176,504
27.5%
5
Chile
SGD 175,414
27.9%
6
Panama
SGD 171,330
29.6%
7
Puerto Rico
SGD 164,714
32.3%
8
Mexico
SGD 164,337
32.5%
9
Peru
SGD 159,589
34.4%
10
Argentina
SGD 158,175
35.0%
11
Ecuador
SGD 157,058
35.5%
12
Show more
Africa
Country
Net pay
Average tax
Rank
Angola
SGD 177,276
27.2%
1
Kenya
SGD 171,029
29.7%
2
Nigeria
SGD 165,699
31.9%
3
Ivory Coast
SGD 164,459
32.4%
4
Ghana
SGD 162,315
33.3%
5
Mozambique
SGD 161,137
33.8%
6
Morocco
SGD 150,491
38.2%
7
Zambia
SGD 150,056
38.3%
8
Cameroon
SGD 149,815
38.4%
9
Senegal
SGD 147,543
39.4%
10
South Africa
SGD 147,134
39.5%
11
Uganda
SGD 138,619
43.0%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
SGD 231,192
5.0%
1
Qatar
SGD 231,192
5.0%
2
Kuwait
SGD 229,187
5.8%
3
Bahrain
SGD 228,997
5.9%
4
Saudi Arabia
SGD 224,122
7.9%
5
Oman
SGD 223,891
8.0%
6
Egypt
SGD 182,889
24.9%
7
Lebanon
SGD 182,773
24.9%
8
Israel
SGD 153,113
37.1%
9
Turkey
SGD 141,991
41.7%
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.