Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$8,034
Income Tax
- S$1,668
Central Provident Fund (CPF)
- S$55.38
Total tax
- S$1,723
Net pay
*
S$6,311
Marginal tax rate
22.0%
Average tax rate
21.5%
78.5%
Net pay
21.5%
Total tax
Total tax
Net pay
The Taxberg
S$6,311
Net pay
S$47.08
Tax the employer pays
S$1,723
Tax you pay
Total tax paid
S$1,771
Did you know your employer also pays tax on your salary? It costs the employer S$47.08 to pay you S$8,034. In other words, every time you spend S$10 of your hard-earned money, S$2.20 goes to the government.
Real tax rate
21.9%
So, with you and the employer both paying tax, what used to be a 21.5% tax rate now rises to 21.9%, meaning your real tax rate is actually 0.4% higher than what it seemed at first.
Summary
If you make S$2,088,840 a year living in Singapore, you will be taxed S$448,095. That means that your net pay will be S$1,640,745 per year, or S$136,729 per month. Your average tax rate is 21.5% and your marginal tax rate is 22.0%. 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$22, hence, your net pay will only increase by S$78.
Bonus Example
A S$1,000 bonus will generate an extra S$780 of net incomes. A S$5,000 bonus will generate an extra S$3,900 of net incomes.
Compare average tax
North America
Country
Net pay
Average tax
Rank
USA
SGD 1,160,238
44.5%
1
Canada
SGD 1,001,947
52.0%
2
Africa
Country
Net pay
Average tax
Rank
Angola
SGD 1,519,862
27.2%
1
Kenya
SGD 1,462,865
30.0%
2
Ivory Coast
SGD 1,423,676
31.8%
3
Nigeria
SGD 1,420,995
32.0%
4
Ghana
SGD 1,383,100
33.8%
5
Mozambique
SGD 1,360,699
34.9%
6
Zambia
SGD 1,285,027
38.5%
7
Cameroon
SGD 1,273,436
39.0%
8
Morocco
SGD 1,268,829
39.3%
9
Senegal
SGD 1,254,831
39.9%
10
South Africa
SGD 1,162,148
44.4%
11
Uganda
SGD 1,153,633
44.8%
12
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Middle East
Country
Net pay
Average tax
Rank
Kuwait
SGD 2,074,667
0.7%
1
Saudi Arabia
SGD 2,069,602
0.9%
2
Bahrain
SGD 2,056,022
1.6%
3
United Arab Emirates
SGD 1,984,398
5.0%
4
Qatar
SGD 1,984,398
5.0%
5
Oman
SGD 1,921,733
8.0%
6
Egypt
SGD 1,566,999
25.0%
7
Lebanon
SGD 1,566,883
25.0%
8
Turkey
SGD 1,216,817
41.8%
9
Israel
SGD 1,077,137
48.4%
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.