Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$3,193
Income Tax
- S$40.92
Central Provident Fund (CPF)
- S$638
Total tax
- S$679
Net pay
*
S$2,514
Marginal tax rate
23.4%
Average tax rate
21.3%
78.7%
Net pay
21.3%
Total tax
Total tax
Net pay
The Taxberg
S$2,514
Net pay
S$543
Tax the employer pays
S$679
Tax you pay
Total tax paid
S$1,222
Did you know your employer also pays tax on your salary? It costs the employer S$543 to pay you S$3,193. In other words, every time you spend S$10 of your hard-earned money, S$3.83 goes to the government.
Real tax rate
32.7%
So, with you and the employer both paying tax, what used to be a 21.3% tax rate now rises to 32.7%, meaning your real tax rate is actually 11.4% higher than what it seemed at first.
Summary
If you make S$38,316 a year living in Singapore, you will be taxed S$8,148. That means that your net pay will be S$30,168 per year, or S$2,514 per month. Your average tax rate is 21.3% 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 S$100 in your salary will be taxed S$23.42, hence, your net pay will only increase by S$76.58.
Bonus Example
A S$1,000 bonus will generate an extra S$766 of net incomes. A S$5,000 bonus will generate an extra S$3,829 of net incomes.
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.