Income Tax Calculator Singapore
Find out how much your salary is after tax
Salary rate
Withholding
Salary S$3,000
Income Tax - S$34
Central Provident Fund (CPF) - S$600
Total tax - S$634
Net pay * S$2,366
Marginal tax rate 23.4%
Average tax rate 21.1%
21.1%Total tax
78.9%
Net payThe Taxberg
S$2,366
Net pay
S$510
Tax the employer pays
S$634
Tax you pay
Total tax paid
$1,144
Did you know your employer also pays tax on your salary? It costs the employer S$510 to pay you S$3,000. In other words, every time you spend $10 of your hard-earned money, $3.81 goes to the government.
Real tax rate
32.6%
So, with you and the employer both paying tax, what used to be a 21.1% tax rate now rises to 32.6%, meaning your real tax rate is actually 11.5% higher than what it seemed at first.
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Summary
If you make S$36,000 a year living in Singapore, you will be taxed S$7,605. That means that your net pay will be S$28,395 per year, or S$2,366 per month. Your average tax rate is 21.1% and your marginal tax rate is 23.4%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $23.4, hence, your net pay will only increase by $76.6.
Bonus ExampleA $1,000 bonus will generate an extra $766 of net incomes. A $5,000 bonus will generate an extra $3,830 of net incomes.
NOTE* Withholding is calculated based on the Singapore tables of SG, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.