Income Tax Calculator Singapore
Find out how much your salary is after tax
Salary rate
Withholding
Salary S$693
Central Provident Fund (CPF) - S$116
Total tax - S$116
Net pay * S$577
Marginal tax rate 42.5%
Average tax rate 16.7%
16.7%Total tax
83.3%
Net payThe Taxberg
S$577
Net pay
S$118
Tax the employer pays
S$116
Tax you pay
Total tax paid
$234
Did you know your employer also pays tax on your salary? It costs the employer S$118 to pay you S$693. In other words, every time you spend $10 of your hard-earned money, $3.38 goes to the government.
Real tax rate
28.9%
So, with you and the employer both paying tax, what used to be a 16.7% tax rate now rises to 28.9%, meaning your real tax rate is actually 12.2% higher than what it seemed at first.
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Summary
Si vous gagnez un salaire brut de S$8,316 par an en Singapore, vous serez imposé de S$1,390. Cela signifie que votre salaire net sera de S$6,926 par an, ou S$577 par mois. Votre taux d'imposition moyen est 16.7% et votre taux d'imposition marginal est 42.5%. 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 $42.5, par conséquent, votre salaire net augmentera seulement de $57.5.
Bonus ExampleA $1,000 bonus will generate an extra $575 of net incomes. A $5,000 bonus will generate an extra $2,875 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.