Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$8,062
Income Tax
- S$440
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$1,640
Net pay
* S$6,422
Marginal tax rate
11.5%
Average tax rate
20.3%
79.7%
Net pay
20.3%
Total tax
Total tax
Net pay
The Taxberg
S$6,422
Net pay
S$1,020
Tax the employer pays
S$1,640
Tax you pay
Total tax paid
S$2,660
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$8,062. In other words, every time you spend S$10 of your hard-earned money, S$3.30 goes to the government.
Real tax rate
29.3%
So, with you and the employer both paying tax, what used to be a 20.3% tax rate now rises to 29.3%, meaning your real tax rate is actually 9% higher than what it seemed at first.
Summary
If you make S$96,744 a year living in Singapore, you will be taxed S$19,676. That means that your net pay will be S$77,068 per year, or S$6,422 per month. Your average tax rate is 20.3% 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.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
SGD 72,407
25.2%
1
Canada
SGD 67,618
30.1%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
SGD 84,684
12.5%
1
Taiwan
SGD 81,247
16.0%
2
Kazakhstan
SGD 78,013
19.4%
3
Singapore
SGD 77,068
20.3%
4
Thailand
SGD 76,517
20.9%
5
South Korea
SGD 74,948
22.5%
6
Australia
SGD 71,715
25.9%
7
New Zealand
SGD 70,700
26.9%
8
China
SGD 70,690
26.9%
9
Indonesia
SGD 70,366
27.3%
10
Japan
SGD 70,309
27.3%
11
Pakistan
SGD 68,858
28.8%
12
Malaysia
SGD 67,647
30.1%
13
Philippines
SGD 67,059
30.7%
14
Vietnam
SGD 65,077
32.7%
15
India
SGD 55,334
42.8%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 86,664
10.4%
1
Chile
SGD 78,913
18.4%
2
Costa Rica
SGD 77,451
19.9%
3
Puerto Rico
SGD 74,807
22.7%
4
Panama
SGD 73,464
24.1%
5
Ecuador
SGD 72,495
25.1%
6
Brazil
SGD 70,889
26.7%
7
Colombia
SGD 70,564
27.1%
8
Uruguay
SGD 70,314
27.3%
9
Peru
SGD 69,787
27.9%
10
Mexico
SGD 67,923
29.8%
11
Argentina
SGD 62,874
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
SGD 70,613
27.0%
1
Kenya
SGD 68,397
29.3%
2
Nigeria
SGD 65,971
31.8%
3
Mozambique
SGD 65,837
32.0%
4
Ghana
SGD 65,328
32.5%
5
South Africa
SGD 65,233
32.6%
6
Ivory Coast
SGD 64,419
33.4%
7
Morocco
SGD 61,643
36.3%
8
Cameroon
SGD 60,548
37.4%
9
Zambia
SGD 59,887
38.1%
10
Senegal
SGD 59,574
38.4%
11
Uganda
SGD 57,980
40.1%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 91,907
5.0%
1
Qatar
SGD 91,907
5.0%
2
Bahrain
SGD 89,004
8.0%
3
Oman
SGD 89,004
8.0%
4
Saudi Arabia
SGD 87,070
10.0%
5
Kuwait
SGD 86,561
10.5%
6
Egypt
SGD 72,927
24.6%
7
Lebanon
SGD 72,811
24.7%
8
Israel
SGD 70,746
26.9%
9
Turkey
SGD 56,601
41.5%
10
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.