Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$542
Central Provident Fund (CPF)
- S$24.70
Total tax
- S$24.70
Net pay
*
S$517
Marginal tax rate
58.8%
Average tax rate
4.6%
95.4%
Net pay
4.6%
Total tax
Total tax
Net pay
The Taxberg
S$517
Net pay
S$92.56
Tax the employer pays
S$24.70
Tax you pay
Total tax paid
S$117
Did you know your employer also pays tax on your salary? It costs the employer S$92.56 to pay you S$542. In other words, every time you spend S$10 of your hard-earned money, S$2.16 goes to the government.
Real tax rate
18.5%
So, with you and the employer both paying tax, what used to be a 4.6% tax rate now rises to 18.5%, meaning your real tax rate is actually 13.9% higher than what it seemed at first.
Summary
If you make S$6,504 a year living in Singapore, you will be taxed S$296. That means that your net pay will be S$6,208 per year, or S$517 per month. Your average tax rate is 4.6% and your marginal tax rate is 58.8%. 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$58.80, hence, your net pay will only increase by S$41.20.
Bonus Example
A S$1,000 bonus will generate an extra S$412 of net incomes. A S$5,000 bonus will generate an extra S$2,060 of net incomes.
North America
Country
Net pay
Average tax
Rank
USA
SGD 5,941
8.7%
1
Canada
SGD 5,338
17.9%
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.