Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$2,046
Income Tax
- S$7.59
Central Provident Fund (CPF)
- S$409
Total tax
- S$416
Net pay
* S$1,630
Marginal tax rate
21.9%
Average tax rate
20.3%
79.7%
Net pay
20.3%
Total tax
Total tax
Net pay
The Taxberg
S$1,630
Net pay
S$349
Tax the employer pays
S$416
Tax you pay
Total tax paid
S$765
Did you know your employer also pays tax on your salary? It costs the employer S$349 to pay you S$2,046. In other words, every time you spend S$10 of your hard-earned money, S$3.74 goes to the government.
Real tax rate
31.9%
So, with you and the employer both paying tax, what used to be a 20.3% tax rate now rises to 31.9%, meaning your real tax rate is actually 11.6% higher than what it seemed at first.
Summary
If you make S$24,552 a year living in Singapore, you will be taxed S$4,994. That means that your net pay will be S$19,558 per year, or S$1,630 per month. Your average tax rate is 20.3% and your marginal tax rate is 21.9%. 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$21.92, hence, your net pay will only increase by S$78.08.
Bonus Example
A S$1,000 bonus will generate an extra S$781 of net incomes. A S$5,000 bonus will generate an extra S$3,904 of net incomes.
North America
Country 
Net pay
Average tax
Rank
USA
SGD 21,182
13.7%
1
Canada
SGD 18,251
25.7%
2
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.