Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$140,001
Income Tax
- S$28,646
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$29,846
Net pay
*
S$110,155
Marginal tax rate
22.0%
Average tax rate
21.3%
78.7%
Net pay
21.3%
Total tax
Total tax
Net pay
The Taxberg
S$110,155
Net pay
S$1,020
Tax the employer pays
S$29,846
Tax you pay
Total tax paid
S$30,866
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$140,001. 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 21.3% tax rate now rises to 21.9%, meaning your real tax rate is actually 0.6% higher than what it seemed at first.
Summary
If you make S$1,680,012 a year living in Singapore, you will be taxed S$358,153. That means that your net pay will be S$1,321,859 per year, or S$110,155 per month. Your average tax rate is 21.3% 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.
North America
Country
Net pay
Average tax
Rank
USA
SGD 942,333
43.9%
1
Canada
SGD 811,963
51.7%
2
Latin America
Country
Net pay
Average tax
Rank
Guatemala
SGD 1,487,984
11.4%
1
Brazil
SGD 1,218,759
27.5%
2
Costa Rica
SGD 1,142,850
32.0%
3
Panama
SGD 1,130,296
32.7%
4
Mexico
SGD 1,098,452
34.6%
5
Puerto Rico
SGD 1,093,728
34.9%
6
Argentina
SGD 1,091,999
35.0%
7
Uruguay
SGD 1,056,843
37.1%
8
Colombia
SGD 1,056,278
37.1%
9
Chile
SGD 1,040,606
38.1%
10
Peru
SGD 1,039,539
38.1%
11
Ecuador
SGD 976,618
41.9%
12
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Africa
Country
Net pay
Average tax
Rank
Angola
SGD 1,222,440
27.2%
1
Kenya
SGD 1,176,685
30.0%
2
Ivory Coast
SGD 1,144,723
31.9%
3
Nigeria
SGD 1,142,910
32.0%
4
Ghana
SGD 1,112,660
33.8%
5
Mozambique
SGD 1,094,961
34.8%
6
Zambia
SGD 1,033,597
38.5%
7
Cameroon
SGD 1,024,521
39.0%
8
Morocco
SGD 1,021,085
39.2%
9
Senegal
SGD 1,009,535
39.9%
10
South Africa
SGD 937,293
44.2%
11
Uganda
SGD 928,777
44.7%
12
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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.