Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$5,025
Income Tax
- S$164
Central Provident Fund (CPF)
- S$1,005
Total tax
- S$1,169
Net pay
*
S$3,856
Marginal tax rate
26.9%
Average tax rate
23.3%
76.7%
Net pay
23.3%
Total tax
Total tax
Net pay
The Taxberg
S$3,856
Net pay
S$854
Tax the employer pays
S$1,169
Tax you pay
Total tax paid
S$2,023
Did you know your employer also pays tax on your salary? It costs the employer S$854 to pay you S$5,025. In other words, every time you spend S$10 of your hard-earned money, S$4.03 goes to the government.
Real tax rate
34.4%
So, with you and the employer both paying tax, what used to be a 23.3% tax rate now rises to 34.4%, meaning your real tax rate is actually 11.1% higher than what it seemed at first.
Summary
If you make S$60,300 a year living in Singapore, you will be taxed S$14,031. That means that your net pay will be S$46,269 per year, or S$3,856 per month. Your average tax rate is 23.3% 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 47,793
20.7%
1
Canada
SGD 43,173
28.4%
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.