Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$9,873
Income Tax
- S$648
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$1,848
Net pay
* S$8,025
Marginal tax rate
11.5%
Average tax rate
18.7%
81.3%
Net pay
18.7%
Total tax
Total tax
Net pay
The Taxberg
S$8,025
Net pay
S$1,020
Tax the employer pays
S$1,848
Tax you pay
Total tax paid
S$2,868
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$9,873. In other words, every time you spend S$10 of your hard-earned money, S$2.90 goes to the government.
Real tax rate
26.3%
So, with you and the employer both paying tax, what used to be a 18.7% tax rate now rises to 26.3%, meaning your real tax rate is actually 7.6% higher than what it seemed at first.
Summary
If you make S$118,476 a year living in Singapore, you will be taxed S$22,175. That means that your net pay will be S$96,301 per year, or S$8,025 per month. Your average tax rate is 18.7% 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 86,345
27.1%
1
Canada
SGD 79,934
32.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
SGD 102,722
13.3%
1
Kazakhstan
SGD 97,539
17.7%
2
Taiwan
SGD 97,169
18.0%
3
Singapore
SGD 96,301
18.7%
4
Thailand
SGD 91,729
22.6%
5
South Korea
SGD 88,854
25.0%
6
China
SGD 85,902
27.5%
7
Australia
SGD 85,347
28.0%
8
Indonesia
SGD 85,057
28.2%
9
New Zealand
SGD 85,023
28.2%
10
Japan
SGD 83,967
29.1%
11
Pakistan
SGD 82,984
30.0%
12
Malaysia
SGD 81,664
31.1%
13
Philippines
SGD 81,257
31.4%
14
Vietnam
SGD 79,203
33.2%
15
India
SGD 67,000
43.5%
16
Show more
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 105,898
10.6%
1
Chile
SGD 94,039
20.6%
2
Costa Rica
SGD 93,011
21.5%
3
Panama
SGD 87,970
25.8%
4
Puerto Rico
SGD 87,705
26.0%
5
Colombia
SGD 86,863
26.7%
6
Brazil
SGD 86,645
26.9%
7
Uruguay
SGD 86,341
27.1%
8
Ecuador
SGD 85,285
28.0%
9
Peru
SGD 83,098
29.9%
10
Mexico
SGD 82,088
30.7%
11
Argentina
SGD 77,000
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
SGD 86,423
27.1%
1
Kenya
SGD 83,610
29.4%
2
Nigeria
SGD 80,753
31.8%
3
Mozambique
SGD 79,963
32.5%
4
Ghana
SGD 79,704
32.7%
5
Ivory Coast
SGD 79,248
33.1%
6
South Africa
SGD 78,055
34.1%
7
Morocco
SGD 74,812
36.9%
8
Cameroon
SGD 73,780
37.7%
9
Zambia
SGD 73,253
38.2%
10
Senegal
SGD 72,613
38.7%
11
Uganda
SGD 69,933
41.0%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 112,552
5.0%
1
Qatar
SGD 112,552
5.0%
2
Bahrain
SGD 108,998
8.0%
3
Oman
SGD 108,998
8.0%
4
Saudi Arabia
SGD 106,628
10.0%
5
Kuwait
SGD 106,446
10.2%
6
Egypt
SGD 89,226
24.7%
7
Lebanon
SGD 89,110
24.8%
8
Israel
SGD 83,265
29.7%
9
Turkey
SGD 69,257
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.