Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$3,952
Income Tax
- S$89.14
Central Provident Fund (CPF)
- S$790
Total tax
- S$879
Net pay
* S$3,073
Marginal tax rate
26.9%
Average tax rate
22.3%
77.7%
Net pay
22.3%
Total tax
Total tax
Net pay
The Taxberg
S$3,073
Net pay
S$672
Tax the employer pays
S$879
Tax you pay
Total tax paid
S$1,552
Did you know your employer also pays tax on your salary? It costs the employer S$672 to pay you S$3,952. In other words, every time you spend S$10 of your hard-earned money, S$3.93 goes to the government.
Real tax rate
33.6%
So, with you and the employer both paying tax, what used to be a 22.3% tax rate now rises to 33.6%, meaning your real tax rate is actually 11.3% higher than what it seemed at first.
Summary
If you make S$47,424 a year living in Singapore, you will be taxed S$10,553. That means that your net pay will be S$36,871 per year, or S$3,073 per month. Your average tax rate is 22.3% and your marginal tax rate is 26.9%. 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$26.92, hence, your net pay will only increase by S$73.08.
Bonus Example
A S$1,000 bonus will generate an extra S$731 of net incomes. A S$5,000 bonus will generate an extra S$3,654 of net incomes.
North America
Country 
Net pay
Average tax
Rank
USA
SGD 38,266
19.3%
1
Canada
SGD 34,800
26.6%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 42,877
9.6%
1
Puerto Rico
SGD 40,962
13.6%
2
Costa Rica
SGD 40,747
14.1%
3
Ecuador
SGD 39,543
16.6%
4
Panama
SGD 38,081
19.7%
5
Chile
SGD 38,062
19.7%
6
Colombia
SGD 37,675
20.6%
7
Peru
SGD 35,911
24.3%
8
Mexico
SGD 35,662
24.8%
9
Brazil
SGD 35,132
25.9%
10
Uruguay
SGD 33,659
29.0%
11
Argentina
SGD 30,816
35.0%
12
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.