Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$6,249
Income Tax
- S$250
Central Provident Fund (CPF)
- S$1,200
Total tax
- S$1,450
Net pay
* S$4,799
Marginal tax rate
8.0%
Average tax rate
23.2%
76.8%
Net pay
23.2%
Total tax
Total tax
Net pay
The Taxberg
S$4,799
Net pay
S$1,020
Tax the employer pays
S$1,450
Tax you pay
Total tax paid
S$2,470
Did you know your employer also pays tax on your salary? It costs the employer S$1,020 to pay you S$6,249. In other words, every time you spend S$10 of your hard-earned money, S$3.95 goes to the government.
Real tax rate
34.0%
So, with you and the employer both paying tax, what used to be a 23.2% tax rate now rises to 34.0%, meaning your real tax rate is actually 10.8% higher than what it seemed at first.
Summary
If you make S$74,988 a year living in Singapore, you will be taxed S$17,398. That means that your net pay will be S$57,590 per year, or S$4,799 per month. Your average tax rate is 23.2% and your marginal tax rate is 8.0%. 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$7.98, hence, your net pay will only increase by S$92.02.
Bonus Example
A S$1,000 bonus will generate an extra S$920 of net incomes. A S$5,000 bonus will generate an extra S$4,601 of net incomes.
Compare average tax
North America
Country 
Net pay
Average tax
Rank
USA
SGD 58,486
22.0%
1
Canada
SGD 53,245
29.0%
2
Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 67,408
10.1%
1
Chile
SGD 62,268
17.0%
2
Costa Rica
SGD 61,717
17.7%
3
Puerto Rico
SGD 60,934
18.7%
4
Panama
SGD 58,833
21.5%
5
Ecuador
SGD 58,332
22.2%
6
Colombia
SGD 55,977
25.4%
7
Peru
SGD 55,675
25.8%
8
Brazil
SGD 55,116
26.5%
9
Mexico
SGD 53,967
28.0%
10
Uruguay
SGD 51,443
31.4%
11
Argentina
SGD 48,733
35.0%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 71,239
5.0%
1
Qatar
SGD 71,239
5.0%
2
Bahrain
SGD 68,989
8.0%
3
Oman
SGD 68,989
8.0%
4
Saudi Arabia
SGD 67,489
10.0%
5
Kuwait
SGD 66,739
11.0%
6
Israel
SGD 57,590
23.2%
7
Egypt
SGD 56,610
24.5%
8
Lebanon
SGD 56,494
24.7%
9
Turkey
SGD 43,930
41.4%
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.