Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$3,376
Income Tax
- S$48.82
Central Provident Fund (CPF)
- S$675
Total tax
- S$723
Net pay
*
S$2,653
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$2,653
Net pay
S$574
Tax the employer pays
S$723
Tax you pay
Total tax paid
S$1,298
Did you know your employer also pays tax on your salary? It costs the employer S$574 to pay you S$3,376. In other words, every time you spend S$10 of your hard-earned money, S$3.84 goes to the government.
Real tax rate
32.9%
So, with you and the employer both paying tax, what used to be a 21.4% tax rate now rises to 32.9%, meaning your real tax rate is actually 11.5% higher than what it seemed at first.
Summary
If you make S$40,512 a year living in Singapore, you will be taxed S$8,681. That means that your net pay will be S$31,831 per year, or S$2,653 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.
North America
Country
Net pay
Average tax
Rank
USA
SGD 33,152
18.2%
1
Canada
SGD 29,938
26.1%
2
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.