Income tax calculator Singapore

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$28,380
Income Tax
- S$4,109
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$5,309
Net pay
* S$23,071
Marginal tax rate
21.6%
Average tax rate
18.7%
81.3%
Net pay
18.7%
Total tax
Total tax
Net pay
The Taxberg
S$23,071
Net pay
S$1,020
Tax the employer pays
S$5,309
Tax you pay
Total tax paid
S$6,329
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$28,380. In other words, every time you spend S$10 of your hard-earned money, S$2.23 goes to the government.
Real tax rate
21.5%
So, with you and the employer both paying tax, what used to be a 18.7% tax rate now rises to 21.5%, meaning your real tax rate is actually 2.8% higher than what it seemed at first.
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Summary
If you make S$340,560 a year living in Singapore, you will be taxed S$63,711. That means that your net pay will be S$276,849 per year, or S$23,071 per month. Your average tax rate is 18.7% and your marginal tax rate is 21.6%. 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$21.60, hence, your net pay will only increase by S$78.40.
Bonus Example
A S$1,000 bonus will generate an extra S$784 of net incomes. A S$5,000 bonus will generate an extra S$3,920 of net incomes.
Compare average tax
Tax per income
S$28,500
S$29,000
S$29,500
S$30,000
S$30,500
S$31,000
S$31,500
S$32,000
S$32,500
S$33,000
S$33,500
S$34,000
S$34,500
S$35,000
S$35,500
S$36,000
S$36,500
S$37,000
S$37,500
S$38,000
North America
Country 
Net pay
Average tax
Rank
USA
SGD 220,594
35.2%
1
Canada
SGD 189,514
44.4%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 302,461
11.2%
1
Brazil
SGD 247,656
27.3%
2
Costa Rica
SGD 243,743
28.4%
3
Uruguay
SGD 243,314
28.6%
4
Colombia
SGD 238,452
30.0%
5
Chile
SGD 236,934
30.4%
6
Panama
SGD 236,211
30.6%
7
Mexico
SGD 227,809
33.1%
8
Puerto Rico
SGD 227,772
33.1%
9
Argentina
SGD 221,355
35.0%
10
Peru
SGD 219,124
35.7%
11
Ecuador
SGD 212,507
37.6%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
SGD 247,989
27.2%
1
Kenya
SGD 239,069
29.8%
2
Nigeria
SGD 231,815
31.9%
3
Ivory Coast
SGD 230,781
32.2%
4
Ghana
SGD 226,612
33.5%
5
Mozambique
SGD 224,317
34.1%
6
Zambia
SGD 209,834
38.4%
7
Morocco
SGD 209,393
38.5%
8
Cameroon
SGD 208,996
38.6%
9
Senegal
SGD 205,863
39.6%
10
South Africa
SGD 200,594
41.1%
11
Uganda
SGD 192,079
43.6%
12
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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.