Income Tax Calculator Singapore
Find out how much your salary is after tax
Salary rate
Withholding
Salary S$4,000
Income Tax - S$93
Central Provident Fund (CPF) - S$800
Total tax - S$892
Net pay * S$3,108
Marginal tax rate 26.9%
Average tax rate 22.3%
22.3%Total tax
77.7%
Net payThe Taxberg
S$3,108
Net pay
S$681
Tax the employer pays
S$892
Tax you pay
Total tax paid
$1,573
Did you know your employer also pays tax on your salary? It costs the employer S$681 to pay you S$4,000. In other words, every time you spend $10 of your hard-earned money, $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.
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Summary
If you make S$48,000 a year living in Singapore, you will be taxed S$10,708. That means that your net pay will be S$37,292 per year, or S$3,108 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 $100 in your salary will be taxed $26.9, hence, your net pay will only increase by $73.1.
Bonus ExampleA $1,000 bonus will generate an extra $731 of net incomes. A $5,000 bonus will generate an extra $3,655 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.