Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$9,720
Income Tax
- S$630
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$1,830
Net pay
* S$7,890
Marginal tax rate
11.5%
Average tax rate
18.8%
81.2%
Net pay
18.8%
Total tax
Total tax
Net pay
The Taxberg
S$7,890
Net pay
S$1,020
Tax the employer pays
S$1,830
Tax you pay
Total tax paid
S$2,850
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$9,720. In other words, every time you spend S$10 of your hard-earned money, S$2.93 goes to the government.
Real tax rate
26.5%
So, with you and the employer both paying tax, what used to be a 18.8% tax rate now rises to 26.5%, meaning your real tax rate is actually 7.7% higher than what it seemed at first.
Summary
If you make S$116,640 a year living in Singapore, you will be taxed S$21,964. That means that your net pay will be S$94,676 per year, or S$7,890 per month. Your average tax rate is 18.8% 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 85,163
27.0%
1
Canada
SGD 78,895
32.4%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
SGD 101,198
13.2%
1
Kazakhstan
SGD 95,886
17.8%
2
Taiwan
SGD 95,884
17.8%
3
Singapore
SGD 94,676
18.8%
4
Thailand
SGD 90,444
22.5%
5
South Korea
SGD 87,765
24.8%
6
China
SGD 84,617
27.5%
7
Australia
SGD 84,227
27.8%
8
Indonesia
SGD 83,816
28.1%
9
New Zealand
SGD 83,801
28.2%
10
Japan
SGD 82,813
29.0%
11
Pakistan
SGD 81,790
29.9%
12
Malaysia
SGD 80,480
31.0%
13
Philippines
SGD 80,058
31.4%
14
Vietnam
SGD 78,009
33.1%
15
India
SGD 66,014
43.4%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 104,273
10.6%
1
Chile
SGD 92,761
20.5%
2
Costa Rica
SGD 91,697
21.4%
3
Panama
SGD 86,745
25.6%
4
Puerto Rico
SGD 86,615
25.7%
5
Colombia
SGD 85,515
26.7%
6
Brazil
SGD 85,314
26.9%
7
Uruguay
SGD 84,635
27.4%
8
Ecuador
SGD 84,205
27.8%
9
Peru
SGD 81,973
29.7%
10
Mexico
SGD 80,877
30.7%
11
Argentina
SGD 75,807
35.0%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 110,808
5.0%
1
Qatar
SGD 110,808
5.0%
2
Bahrain
SGD 107,309
8.0%
3
Oman
SGD 107,309
8.0%
4
Saudi Arabia
SGD 104,976
10.0%
5
Kuwait
SGD 104,766
10.2%
6
Egypt
SGD 87,849
24.7%
7
Lebanon
SGD 87,733
24.8%
8
Israel
SGD 82,214
29.5%
9
Turkey
SGD 68,188
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.