Income Tax Calculator Singapore
Find out how much your salary is after tax
Salary rate
Withholding
Salary S$724
Central Provident Fund (CPF) - S$134
Total tax - S$134
Net pay * S$590
Marginal tax rate 29.8%
Average tax rate 18.6%
18.6%Total tax
81.4%
Net payThe Taxberg
S$590
Net pay
S$124
Tax the employer pays
S$134
Tax you pay
Total tax paid
$258
Did you know your employer also pays tax on your salary? It costs the employer S$124 to pay you S$724. In other words, every time you spend $10 of your hard-earned money, $3.56 goes to the government.
Real tax rate
30.4%
So, with you and the employer both paying tax, what used to be a 18.5% tax rate now rises to 30.4%, meaning your real tax rate is actually 11.9% higher than what it seemed at first.
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Summary
If you make S$8,688 a year living in Singapore, you will be taxed S$1,613. That means that your net pay will be S$7,075 per year, or S$590 per month. Your average tax rate is 18.6% and your marginal tax rate is 29.8%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $29.8, hence, your net pay will only increase by $70.2.
Bonus ExampleA $1,000 bonus will generate an extra $702 of net incomes. A $5,000 bonus will generate an extra $3,510 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.