Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$21,880
Income Tax
- S$2,774
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$3,974
Net pay
*
S$17,906
Marginal tax rate
19.4%
Average tax rate
18.2%
81.8%
Net pay
18.2%
Total tax
Total tax
Net pay
The Taxberg
S$17,906
Net pay
S$1,020
Tax the employer pays
S$3,974
Tax you pay
Total tax paid
S$4,994
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$21,880. In other words, every time you spend S$10 of your hard-earned money, S$2.28 goes to the government.
Real tax rate
21.8%
So, with you and the employer both paying tax, what used to be a 18.2% tax rate now rises to 21.8%, meaning your real tax rate is actually 3.6% higher than what it seemed at first.
Summary
If you make S$262,560 a year living in Singapore, you will be taxed S$47,687. That means that your net pay will be S$214,873 per year, or S$17,906 per month. Your average tax rate is 18.2% 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.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
SGD 177,441
32.4%
1
Canada
SGD 153,009
41.7%
2
Latin America
Country
Net pay
Average tax
Rank
Guatemala
SGD 233,424
11.1%
1
Costa Rica
SGD 191,385
27.1%
2
Brazil
SGD 191,106
27.2%
3
Uruguay
SGD 190,202
27.6%
4
Colombia
SGD 189,158
28.0%
5
Chile
SGD 187,762
28.5%
6
Panama
SGD 184,146
29.9%
7
Puerto Rico
SGD 177,299
32.5%
8
Mexico
SGD 176,886
32.6%
9
Peru
SGD 171,349
34.7%
10
Argentina
SGD 170,655
35.0%
11
Ecuador
SGD 168,011
36.0%
12
Show more
Middle East
Country
Net pay
Average tax
Rank
United Arab Emirates
SGD 249,432
5.0%
1
Qatar
SGD 249,432
5.0%
2
Kuwait
SGD 248,387
5.4%
3
Bahrain
SGD 248,005
5.5%
4
Saudi Arabia
SGD 243,322
7.3%
5
Oman
SGD 241,555
8.0%
6
Egypt
SGD 197,289
24.9%
7
Lebanon
SGD 197,173
24.9%
8
Israel
SGD 163,600
37.7%
9
Turkey
SGD 153,173
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.