Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$2,437,478,879
Income Tax
- S$536,243,199
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$536,244,399
Net pay
*
S$1,901,234,480
Marginal tax rate
22.0%
Average tax rate
22.0%
78.0%
Net pay
22.0%
Total tax
Total tax
Net pay
The Taxberg
S$1,901,234,480
Net pay
S$1,020
Tax the employer pays
S$536,244,399
Tax you pay
Total tax paid
S$536,245,419
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$2,437,478,879. In other words, every time you spend S$10 of your hard-earned money, S$2.20 goes to the government.
Real tax rate
22.0%
So, with you and the employer both paying tax, what used to be a 22% tax rate now rises to 22.0%, meaning your real tax rate is actually 0% higher than what it seemed at first.
Summary
If you make S$29,249,746,548 a year living in Singapore, you will be taxed S$6,434,932,791. That means that your net pay will be S$22,814,813,757 per year, or S$1,901,234,480 per month. Your average tax rate is 22.0% and your marginal tax rate is 22.0%. 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$22, hence, your net pay will only increase by S$78.
Bonus Example
A S$1,000 bonus will generate an extra S$780 of net incomes. A S$5,000 bonus will generate an extra S$3,900 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
SGD 15,590,161,797
46.7%
1
Canada
SGD 13,592,505,474
53.5%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Kazakhstan
SGD 26,324,762,803
10.0%
1
Hong Kong
SGD 24,277,294,022
17.0%
2
Singapore
SGD 22,814,813,757
22.0%
3
Indonesia
SGD 0
32.4%
4
Vietnam
SGD 0
35.0%
5
Pakistan
SGD 19,012,341,230
35.0%
6
Thailand
SGD 19,012,353,684
35.0%
7
Philippines
SGD 18,159,226,316
37.9%
8
New Zealand
SGD 17,842,359,629
39.0%
9
Taiwan
SGD 17,549,881,614
40.0%
10
Malaysia
SGD 17,257,083,949
41.0%
11
China
SGD 16,087,398,572
45.0%
12
Japan
SGD 15,763,552,968
46.1%
13
Australia
SGD 15,502,391,357
47.0%
14
South Korea
SGD 15,247,550,319
47.9%
15
India
SGD 3,366,065,502
88.5%
16
Show more
Africa
Country
Net pay
Average tax
Rank
Angola
SGD 21,279,190,845
27.3%
1
Kenya
SGD 20,474,823,260
30.0%
2
Ivory Coast
SGD 19,957,831,722
31.8%
3
Nigeria
SGD 19,895,677,768
32.0%
4
Ghana
SGD 19,348,708,673
33.9%
5
Mozambique
SGD 19,012,338,209
35.0%
6
Zambia
SGD 17,988,594,517
38.5%
7
Cameroon
SGD 17,808,709,831
39.1%
8
Morocco
SGD 17,724,998,429
39.4%
9
Senegal
SGD 17,549,849,456
40.0%
10
South Africa
SGD 16,087,373,888
45.0%
11
Uganda
SGD 16,087,365,372
45.0%
12
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.