Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$7,342
Income Tax
- S$357
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$1,557
Net pay
* S$5,785
Marginal tax rate
11.5%
Average tax rate
21.2%
78.8%
Net pay
21.2%
Total tax
Total tax
Net pay
The Taxberg
S$5,785
Net pay
S$1,020
Tax the employer pays
S$1,557
Tax you pay
Total tax paid
S$2,577
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$7,342. In other words, every time you spend S$10 of your hard-earned money, S$3.51 goes to the government.
Real tax rate
30.8%
So, with you and the employer both paying tax, what used to be a 21.2% tax rate now rises to 30.8%, meaning your real tax rate is actually 9.6% higher than what it seemed at first.
Summary
If you make S$88,104 a year living in Singapore, you will be taxed S$18,682. That means that your net pay will be S$69,422 per year, or S$5,785 per month. Your average tax rate is 21.2% and your marginal tax rate is 11.5%. 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$11.50, hence, your net pay will only increase by S$88.50.
Bonus Example
A S$1,000 bonus will generate an extra S$885 of net incomes. A S$5,000 bonus will generate an extra S$4,425 of net incomes.
North America
Country 
Net pay
Average tax
Rank
USA
SGD 66,879
24.1%
1
Canada
SGD 62,196
29.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
SGD 77,513
12.0%
1
Taiwan
SGD 74,370
15.6%
2
Kazakhstan
SGD 71,015
19.4%
3
Thailand
SGD 70,469
20.0%
4
Singapore
SGD 69,422
21.2%
5
South Korea
SGD 68,805
21.9%
6
Australia
SGD 66,056
25.0%
7
New Zealand
SGD 65,031
26.2%
8
Japan
SGD 64,673
26.6%
9
Indonesia
SGD 64,525
26.8%
10
Pakistan
SGD 63,242
28.2%
11
China
SGD 62,744
28.8%
12
Malaysia
SGD 62,076
29.5%
13
Philippines
SGD 61,414
30.3%
14
Vietnam
SGD 59,461
32.5%
15
India
SGD 50,696
42.5%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 79,017
10.3%
1
Chile
SGD 72,407
17.8%
2
Costa Rica
SGD 71,265
19.1%
3
Puerto Rico
SGD 69,679
20.9%
4
Panama
SGD 67,697
23.2%
5
Ecuador
SGD 67,255
23.7%
6
Brazil
SGD 64,625
26.7%
7
Peru
SGD 64,495
26.8%
8
Colombia
SGD 64,473
26.8%
9
Uruguay
SGD 64,165
27.2%
10
Mexico
SGD 62,460
29.1%
11
Argentina
SGD 57,258
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
SGD 64,327
27.0%
1
Kenya
SGD 62,349
29.2%
2
Mozambique
SGD 60,221
31.7%
3
South Africa
SGD 60,136
31.7%
4
Nigeria
SGD 60,094
31.8%
5
Ghana
SGD 59,613
32.3%
6
Ivory Coast
SGD 58,524
33.6%
7
Morocco
SGD 56,407
36.0%
8
Cameroon
SGD 55,288
37.3%
9
Zambia
SGD 54,574
38.1%
10
Senegal
SGD 54,390
38.3%
11
Uganda
SGD 53,228
39.6%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 83,699
5.0%
1
Qatar
SGD 83,699
5.0%
2
Bahrain
SGD 81,056
8.0%
3
Oman
SGD 81,056
8.0%
4
Saudi Arabia
SGD 79,294
10.0%
5
Kuwait
SGD 78,656
10.7%
6
Egypt
SGD 66,447
24.6%
7
Lebanon
SGD 66,331
24.7%
8
Israel
SGD 65,554
25.6%
9
Turkey
SGD 51,569
41.5%
10
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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.