Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$699
Central Provident Fund (CPF)
- S$119
Total tax
- S$119
Net pay
* S$580
Marginal tax rate
60.0%
Average tax rate
17.1%
82.9%
Net pay
17.1%
Total tax
Total tax
Net pay
The Taxberg
S$580
Net pay
S$119
Tax the employer pays
S$119
Tax you pay
Total tax paid
S$239
Did you know your employer also pays tax on your salary? It costs the employer S$119 to pay you S$699. In other words, every time you spend S$10 of your hard-earned money, S$3.42 goes to the government.
Real tax rate
29.2%
So, with you and the employer both paying tax, what used to be a 17.1% tax rate now rises to 29.2%, meaning your real tax rate is actually 12.1% higher than what it seemed at first.
Summary
If you make S$8,388 a year living in Singapore, you will be taxed S$1,433. That means that your net pay will be S$6,955 per year, or S$580 per month. Your average tax rate is 17.1% and your marginal tax rate is 60.0%. 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$60, hence, your net pay will only increase by S$40.
Bonus Example
A S$1,000 bonus will generate an extra S$400 of net incomes. A S$5,000 bonus will generate an extra S$2,000 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
SGD 7,663
8.6%
1
Canada
SGD 6,646
20.8%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Australia
SGD 8,388
0.0%
1
Hong Kong
SGD 8,388
0.0%
2
Pakistan
SGD 7,974
4.9%
3
Thailand
SGD 7,928
5.5%
4
Taiwan
SGD 7,646
8.9%
5
Philippines
SGD 7,610
9.3%
6
South Korea
SGD 7,419
11.6%
7
Indonesia
SGD 7,416
11.6%
8
Malaysia
SGD 7,401
11.8%
9
New Zealand
SGD 7,391
11.9%
10
India
SGD 7,103
15.3%
11
Singapore
SGD 6,955
17.1%
12
Vietnam
SGD 6,856
18.3%
13
Japan
SGD 6,816
18.7%
14
Kazakhstan
SGD 6,643
20.8%
15
China
SGD 6,306
24.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Puerto Rico
SGD 7,721
8.0%
1
Colombia
SGD 7,717
8.0%
2
Ecuador
SGD 7,595
9.5%
3
Guatemala
SGD 7,584
9.6%
4
Costa Rica
SGD 7,507
10.5%
5
Panama
SGD 7,465
11.0%
6
Brazil
SGD 7,454
11.1%
7
Mexico
SGD 7,442
11.3%
8
Peru
SGD 7,340
12.5%
9
Chile
SGD 6,912
17.6%
10
Uruguay
SGD 6,702
20.1%
11
Argentina
SGD 5,443
35.1%
12
Show more
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.