Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$4,996
Income Tax
- S$162
Central Provident Fund (CPF)
- S$999
Total tax
- S$1,161
Net pay
*
S$3,835
Marginal tax rate
27.0%
Average tax rate
23.2%
76.8%
Net pay
23.2%
Total tax
Total tax
Net pay
The Taxberg
S$3,835
Net pay
S$849
Tax the employer pays
S$1,161
Tax you pay
Total tax paid
S$2,011
Did you know your employer also pays tax on your salary? It costs the employer S$849 to pay you S$4,996. In other words, every time you spend S$10 of your hard-earned money, S$4.02 goes to the government.
Real tax rate
34.4%
So, with you and the employer both paying tax, what used to be a 23.2% tax rate now rises to 34.4%, meaning your real tax rate is actually 11.2% higher than what it seemed at first.
Summary
If you make S$59,952 a year living in Singapore, you will be taxed S$13,937. That means that your net pay will be S$46,015 per year, or S$3,835 per month. Your average tax rate is 23.3% and your marginal tax rate is 27.0%. 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$27.04, hence, your net pay will only increase by S$72.96.
Bonus Example
A S$1,000 bonus will generate an extra S$730 of net incomes. A S$5,000 bonus will generate an extra S$3,648 of net incomes.
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.