Income tax calculator Singapore
Find out how much your salary is after tax
Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$3,094
Income Tax
- S$37.46
Central Provident Fund (CPF)
- S$618
Total tax
- S$656
Net pay
*
S$2,438
Marginal tax rate
23.4%
Average tax rate
21.2%
78.8%
Net pay
21.2%
Total tax
Total tax
Net pay
The Taxberg
S$2,438
Net pay
S$526
Tax the employer pays
S$656
Tax you pay
Total tax paid
S$1,182
Did you know your employer also pays tax on your salary? It costs the employer S$526 to pay you S$3,094. In other words, every time you spend S$10 of your hard-earned money, S$3.82 goes to the government.
Real tax rate
32.6%
So, with you and the employer both paying tax, what used to be a 21.2% tax rate now rises to 32.6%, meaning your real tax rate is actually 11.4% higher than what it seemed at first.
Summary
If you make S$37,128 a year living in Singapore, you will be taxed S$7,869. That means that your net pay will be S$29,259 per year, or S$2,438 per month. Your average tax rate is 21.2% and your marginal tax rate is 23.4%. 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$23.42, hence, your net pay will only increase by S$76.58.
Bonus Example
A S$1,000 bonus will generate an extra S$766 of net incomes. A S$5,000 bonus will generate an extra S$3,829 of net incomes.
Europe
Country
Net pay
Average tax
Rank
Switzerland
SGD 33,179
10.6%
1
Ireland
SGD 32,396
12.8%
2
Russia
SGD 32,301
13.0%
3
United Kingdom
SGD 31,958
13.9%
4
France
SGD 31,395
15.4%
5
Hungary
SGD 30,259
18.5%
6
Norway
SGD 30,122
18.9%
7
Ukraine
SGD 29,888
19.5%
8
Luxembourg
SGD 29,862
19.6%
9
Austria
SGD 29,391
20.8%
10
Spain
SGD 29,301
21.1%
11
Czech Republic
SGD 29,203
21.3%
12
Sweden
SGD 26,604
28.4%
13
Greece
SGD 26,513
28.6%
14
Italy
SGD 26,329
29.1%
15
Germany
SGD 26,292
29.2%
16
Poland
SGD 25,372
31.7%
17
Denmark
SGD 24,912
32.9%
18
Finland
SGD 24,394
34.3%
19
Portugal
SGD 23,596
36.5%
20
Netherlands
SGD 23,364
37.1%
21
Romania
SGD 21,720
41.5%
22
Belgium
SGD 21,482
42.1%
23
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Asia / Pacific
Country
Net pay
Average tax
Rank
Hong Kong
SGD 34,862
6.1%
1
Taiwan
SGD 33,191
10.6%
2
Thailand
SGD 32,673
12.0%
3
Australia
SGD 32,359
12.8%
4
South Korea
SGD 30,983
16.6%
5
New Zealand
SGD 30,829
17.0%
6
Kazakhstan
SGD 29,724
19.9%
7
Indonesia
SGD 29,629
20.2%
8
Pakistan
SGD 29,593
20.3%
9
Singapore
SGD 29,259
21.2%
10
Japan
SGD 29,091
21.7%
11
Malaysia
SGD 28,978
22.0%
12
Philippines
SGD 27,953
24.7%
13
Vietnam
SGD 26,967
27.4%
14
China
SGD 25,335
31.8%
15
India
SGD 24,181
34.9%
16
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Latin America
Country
Net pay
Average tax
Rank
Guatemala
SGD 33,568
9.6%
1
Puerto Rico
SGD 32,747
11.8%
2
Costa Rica
SGD 32,609
12.2%
3
Ecuador
SGD 31,649
14.8%
4
Colombia
SGD 30,468
17.9%
5
Panama
SGD 30,293
18.4%
6
Chile
SGD 29,822
19.7%
7
Mexico
SGD 28,732
22.6%
8
Peru
SGD 28,406
23.5%
9
Brazil
SGD 27,668
25.5%
10
Uruguay
SGD 26,812
27.8%
11
Argentina
SGD 24,124
35.0%
12
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Africa
Country
Net pay
Average tax
Rank
South Africa
SGD 29,247
21.2%
1
Angola
SGD 27,242
26.6%
2
Mozambique
SGD 27,086
27.1%
3
Kenya
SGD 26,666
28.2%
4
Ghana
SGD 25,892
30.3%
5
Ivory Coast
SGD 25,814
30.5%
6
Morocco
SGD 25,517
31.3%
7
Nigeria
SGD 25,420
31.5%
8
Uganda
SGD 24,526
33.9%
9
Cameroon
SGD 24,251
34.7%
10
Senegal
SGD 23,804
35.9%
11
Zambia
SGD 23,224
37.5%
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.