Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$421,399
Income Tax
- S$90,554
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$91,754
Net pay
*
S$329,645
Marginal tax rate
22.0%
Average tax rate
21.8%
78.2%
Net pay
21.8%
Total tax
Total tax
Net pay
The Taxberg
S$329,645
Net pay
S$1,020
Tax the employer pays
S$91,754
Tax you pay
Total tax paid
S$92,774
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$421,399. In other words, every time you spend S$10 of your hard-earned money, S$2.20 goes to the government.
Real tax rate
22.0%
So, with you and the employer both paying tax, what used to be a 21.8% tax rate now rises to 22.0%, meaning your real tax rate is actually 0.2% higher than what it seemed at first.
Summary
If you make S$5,056,788 a year living in Singapore, you will be taxed S$1,101,043. That means that your net pay will be S$3,955,745 per year, or S$329,645 per month. Your average tax rate is 21.8% and your marginal tax rate is 22.0%. 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$22, hence, your net pay will only increase by S$78.
Bonus Example
A S$1,000 bonus will generate an extra S$780 of net incomes. A S$5,000 bonus will generate an extra S$3,900 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
SGD 2,742,154
45.8%
1
Canada
SGD 2,381,164
52.9%
2
Asia / Pacific
Country
Net pay
Average tax
Rank
Kazakhstan
SGD 4,542,019
10.2%
1
Hong Kong
SGD 4,201,521
16.9%
2
Singapore
SGD 3,955,745
21.8%
3
Indonesia
SGD 3,423,356
32.3%
4
Thailand
SGD 3,305,340
34.6%
5
Pakistan
SGD 3,292,886
34.9%
6
Vietnam
SGD 3,289,105
35.0%
7
Philippines
SGD 3,148,827
37.7%
8
New Zealand
SGD 3,098,875
38.7%
9
Taiwan
SGD 3,067,758
39.3%
10
Malaysia
SGD 3,009,438
40.5%
11
China
SGD 2,819,204
44.3%
12
Japan
SGD 2,760,569
45.4%
13
Australia
SGD 2,705,784
46.5%
14
South Korea
SGD 2,677,210
47.1%
15
India
SGD 873,533
82.7%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
SGD 4,476,704
11.5%
1
Brazil
SGD 3,666,921
27.5%
2
Costa Rica
SGD 3,409,511
32.6%
3
Panama
SGD 3,384,294
33.1%
4
Mexico
SGD 3,293,357
34.9%
5
Argentina
SGD 3,286,903
35.0%
6
Puerto Rico
SGD 3,276,814
35.2%
7
Colombia
SGD 3,116,030
38.4%
8
Peru
SGD 3,107,814
38.5%
9
Uruguay
SGD 3,107,762
38.5%
10
Chile
SGD 3,066,671
39.4%
11
Ecuador
SGD 2,902,950
42.6%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
SGD 3,679,045
27.3%
1
Kenya
SGD 3,540,428
30.0%
2
Ivory Coast
SGD 3,448,781
31.8%
3
Nigeria
SGD 3,439,793
32.0%
4
Ghana
SGD 3,346,397
33.8%
5
Mozambique
SGD 3,289,865
34.9%
6
Zambia
SGD 3,110,315
38.5%
7
Cameroon
SGD 3,080,471
39.1%
8
Morocco
SGD 3,067,370
39.3%
9
Senegal
SGD 3,035,600
40.0%
10
South Africa
SGD 2,794,520
44.7%
11
Uganda
SGD 2,786,004
44.9%
12
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Middle East
Country
Net pay
Average tax
Rank
Kuwait
SGD 5,042,615
0.3%
1
Saudi Arabia
SGD 5,037,550
0.4%
2
Bahrain
SGD 4,994,290
1.2%
3
United Arab Emirates
SGD 4,803,949
5.0%
4
Qatar
SGD 4,803,949
5.0%
5
Oman
SGD 4,652,245
8.0%
6
Egypt
SGD 3,792,960
25.0%
7
Lebanon
SGD 3,792,844
25.0%
8
Turkey
SGD 2,945,380
41.8%
9
Israel
SGD 2,561,111
49.4%
10
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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.