Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$238
Income Tax
- S$8.01
Central Provident Fund (CPF)
- S$47.59
Total tax
- S$55.60
Net pay
* S$182
Marginal tax rate
26.9%
Average tax rate
23.4%
76.6%
Net pay
23.4%
Total tax
Total tax
Net pay
The Taxberg
S$182
Net pay
S$40.46
Tax the employer pays
S$55.60
Tax you pay
Total tax paid
S$96.06
Did you know your employer also pays tax on your salary? It costs the employer S$40.46 to pay you S$238. In other words, every time you spend S$10 of your hard-earned money, S$4.04 goes to the government.
Real tax rate
34.5%
So, with you and the employer both paying tax, what used to be a 23.4% tax rate now rises to 34.5%, meaning your real tax rate is actually 11.1% higher than what it seemed at first.
Summary
If you make S$61,880 a year living in Singapore, you will be taxed S$14,456. That means that your net pay will be S$47,424 per year, or S$3,952 per month. Your average tax rate is 23.4% and your marginal tax rate is 26.9%. 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$26.92, hence, your net pay will only increase by S$73.08.
Bonus Example
A S$1,000 bonus will generate an extra S$731 of net incomes. A S$5,000 bonus will generate an extra S$3,654 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
SGD 48,962
20.9%
1
Canada
SGD 44,213
28.6%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 55,806
9.8%
1
Puerto Rico
SGD 52,106
15.8%
2
Costa Rica
SGD 51,761
16.4%
3
Chile
SGD 50,958
17.7%
4
Ecuador
SGD 49,789
19.5%
5
Panama
SGD 49,017
20.8%
6
Colombia
SGD 47,662
23.0%
7
Peru
SGD 46,410
25.0%
8
Brazil
SGD 45,613
26.3%
9
Mexico
SGD 45,371
26.7%
10
Uruguay
SGD 42,437
31.4%
11
Argentina
SGD 40,213
35.0%
12
Show more
Africa
Country 
Net pay
Average tax
Rank
Angola
SGD 45,249
26.9%
1
South Africa
SGD 44,657
27.8%
2
Kenya
SGD 43,993
28.9%
3
Mozambique
SGD 43,175
30.2%
4
Ghana
SGD 42,266
31.7%
5
Nigeria
SGD 42,257
31.7%
6
Ivory Coast
SGD 41,167
33.5%
7
Morocco
SGD 40,516
34.5%
8
Cameroon
SGD 39,321
36.5%
9
Uganda
SGD 38,805
37.3%
10
Senegal
SGD 38,655
37.5%
11
Zambia
SGD 38,446
37.9%
12
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.