Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$3,335
Income Tax
- S$45.95
Central Provident Fund (CPF)
- S$666
Total tax
- S$712
Net pay
* S$2,623
Marginal tax rate
27.2%
Average tax rate
21.4%
78.6%
Net pay
21.4%
Total tax
Total tax
Net pay
The Taxberg
S$2,623
Net pay
S$567
Tax the employer pays
S$712
Tax you pay
Total tax paid
S$1,280
Did you know your employer also pays tax on your salary? It costs the employer S$567 to pay you S$3,335. In other words, every time you spend S$10 of your hard-earned money, S$3.84 goes to the government.
Real tax rate
32.8%
So, with you and the employer both paying tax, what used to be a 21.4% tax rate now rises to 32.8%, meaning your real tax rate is actually 11.4% higher than what it seemed at first.
Summary
If you make S$40,020 a year living in Singapore, you will be taxed S$8,547. That means that your net pay will be S$31,473 per year, or S$2,623 per month. Your average tax rate is 21.4% and your marginal tax rate is 27.2%. 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$27.16, hence, your net pay will only increase by S$72.84.
Bonus Example
A S$1,000 bonus will generate an extra S$728 of net incomes. A S$5,000 bonus will generate an extra S$3,642 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
SGD 32,788
18.1%
1
Canada
SGD 29,573
26.1%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 36,183
9.6%
1
Puerto Rico
SGD 35,154
12.2%
2
Costa Rica
SGD 34,939
12.7%
3
Ecuador
SGD 33,875
15.4%
4
Colombia
SGD 32,492
18.8%
5
Panama
SGD 32,480
18.8%
6
Chile
SGD 32,015
20.0%
7
Mexico
SGD 30,684
23.3%
8
Peru
SGD 30,530
23.7%
9
Brazil
SGD 29,765
25.6%
10
Uruguay
SGD 28,907
27.8%
11
Argentina
SGD 26,004
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
South Africa
SGD 31,130
22.2%
1
Angola
SGD 29,346
26.7%
2
Mozambique
SGD 28,966
27.6%
3
Kenya
SGD 28,691
28.3%
4
Ghana
SGD 27,805
30.5%
5
Ivory Coast
SGD 27,628
31.0%
6
Nigeria
SGD 27,388
31.6%
7
Morocco
SGD 27,269
31.9%
8
Uganda
SGD 26,406
34.0%
9
Cameroon
SGD 26,012
35.0%
10
Senegal
SGD 25,539
36.2%
11
Zambia
SGD 25,002
37.5%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 38,019
5.0%
1
Qatar
SGD 38,019
5.0%
2
Bahrain
SGD 36,818
8.0%
3
Oman
SGD 36,818
8.0%
4
Saudi Arabia
SGD 36,018
10.0%
5
Kuwait
SGD 35,618
11.0%
6
Israel
SGD 33,373
16.6%
7
Egypt
SGD 30,384
24.1%
8
Lebanon
SGD 30,268
24.4%
9
Turkey
SGD 23,564
41.1%
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.