Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Withholding
Salary S$5,664
Income Tax - S$209
Central Provident Fund (CPF) - S$1,132
Total tax - S$1,341
Net pay * S$4,323
Marginal tax rate 26.9%
Average tax rate 23.7%
23.7%Total tax
76.3%
Net payThe Taxberg
S$4,323
Net pay
S$963
Tax the employer pays
S$1,341
Tax you pay
Total tax paid
$2,304
Did you know your employer also pays tax on your salary? It costs the employer S$963 to pay you S$5,664. In other words, every time you spend $10 of your hard-earned money, $4.07 goes to the government.
Real tax rate
34.8%
So, with you and the employer both paying tax, what used to be a 23.7% tax rate now rises to 34.8%, meaning your real tax rate is actually 11.1% higher than what it seemed at first.
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Summary
Si vous gagnez un salaire brut de S$67,968 par an en Singapore, vous serez imposé de S$16,095. Cela signifie que votre salaire net sera de S$51,873 par an, ou S$4,323 par mois. Votre taux d'imposition moyen est 23.7% et votre taux d'imposition marginal est 26.9%. Ce taux d'imposition marginal signifie que votre revenu supplémentaire immédiat sera imposé à ce taux. Par exemple, une augmentation de $100 à votre salaire sera imposé de $26.9, par conséquent, votre salaire net augmentera seulement de $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.