Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$20,538
Income Tax
- S$2,514
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$3,714
Net pay
*
S$16,824
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$16,824
Net pay
S$1,020
Tax the employer pays
S$3,714
Tax you pay
Total tax paid
S$4,734
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$20,538. In other words, every time you spend S$10 of your hard-earned money, S$2.30 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$246,456 a year living in Singapore, you will be taxed S$44,562. That means that your net pay will be S$201,894 per year, or S$16,824 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.
North America
Country
Net pay
Average tax
Rank
USA
SGD 167,623
32.0%
1
Canada
SGD 145,360
41.0%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Kazakhstan
SGD 212,721
13.7%
1
Hong Kong
SGD 208,945
15.2%
2
Singapore
SGD 201,894
18.1%
3
Taiwan
SGD 181,195
26.5%
4
Thailand
SGD 178,457
27.6%
5
China
SGD 172,758
29.9%
6
Indonesia
SGD 171,571
30.4%
7
Pakistan
SGD 166,171
32.6%
8
New Zealand
SGD 164,573
33.2%
9
Malaysia
SGD 162,987
33.9%
10
Philippines
SGD 162,407
34.1%
11
Vietnam
SGD 162,390
34.1%
12
South Korea
SGD 162,367
34.1%
13
Japan
SGD 162,275
34.2%
14
Australia
SGD 156,308
36.6%
15
India
SGD 132,009
46.4%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
SGD 219,171
11.1%
1
Costa Rica
SGD 180,576
26.7%
2
Brazil
SGD 179,431
27.2%
3
Colombia
SGD 178,932
27.4%
4
Uruguay
SGD 178,713
27.5%
5
Chile
SGD 177,405
28.0%
6
Panama
SGD 173,397
29.6%
7
Puerto Rico
SGD 166,743
32.3%
8
Mexico
SGD 166,360
32.5%
9
Peru
SGD 161,486
34.5%
10
Argentina
SGD 160,187
35.0%
11
Ecuador
SGD 158,824
35.6%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
SGD 179,528
27.2%
1
Kenya
SGD 173,196
29.7%
2
Nigeria
SGD 167,805
31.9%
3
Ivory Coast
SGD 166,572
32.4%
4
Ghana
SGD 164,363
33.3%
5
Mozambique
SGD 163,150
33.8%
6
Morocco
SGD 152,367
38.2%
7
Zambia
SGD 151,960
38.3%
8
Cameroon
SGD 151,700
38.5%
9
Senegal
SGD 149,401
39.4%
10
South Africa
SGD 148,837
39.6%
11
Uganda
SGD 140,322
43.1%
12
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Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
SGD 234,133
5.0%
1
Qatar
SGD 234,133
5.0%
2
Kuwait
SGD 232,283
5.8%
3
Bahrain
SGD 232,062
5.8%
4
Saudi Arabia
SGD 227,218
7.8%
5
Oman
SGD 226,740
8.0%
6
Egypt
SGD 185,211
24.9%
7
Lebanon
SGD 185,095
24.9%
8
Israel
SGD 154,804
37.2%
9
Turkey
SGD 143,794
41.7%
10
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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.