Income tax calculator Singapore

Find out how much your salary is after tax

Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$1,173
Income Tax
- S$38.84
Central Provident Fund (CPF)
- S$235
Total tax
- S$273
Net pay
* S$900
Marginal tax rate
26.9%
Average tax rate
23.3%
76.7%
Net pay
23.3%
Total tax
Total tax
Net pay
The Taxberg
S$900
Net pay
S$199
Tax the employer pays
S$273
Tax you pay
Total tax paid
S$473
Did you know your employer also pays tax on your salary? It costs the employer S$199 to pay you S$1,173. In other words, every time you spend S$10 of your hard-earned money, S$4.03 goes to the government.
Real tax rate
34.5%
So, with you and the employer both paying tax, what used to be a 23.3% tax rate now rises to 34.5%, meaning your real tax rate is actually 11.2% higher than what it seemed at first.
People also ask
S$60,996 yearly is how much per hour?
S$26.66 hourly is how much per year?
What is the average salary in Singapore?
Summary
If you make S$60,996 a year living in Singapore, you will be taxed S$14,218. That means that your net pay will be S$46,778 per year, or S$3,898 per month. Your average tax rate is 23.3% 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
Tax per income
S$1,500
S$2,000
S$2,500
S$3,000
S$3,500
S$4,000
S$4,500
S$5,000
S$5,500
S$6,000
S$6,500
S$7,000
S$7,500
S$8,000
S$8,500
S$9,000
S$9,500
S$10,000
S$10,500
S$11,000
Europe
Country 
Net pay
Average tax
Rank
Russia
SGD 53,067
13.0%
1
Switzerland
SGD 52,068
14.6%
2
Hungary
SGD 49,712
18.5%
3
Ukraine
SGD 49,102
19.5%
4
United Kingdom
SGD 47,890
21.5%
5
Ireland
SGD 47,728
21.8%
6
France
SGD 47,254
22.5%
7
Czech Republic
SGD 46,866
23.2%
8
Norway
SGD 45,875
24.8%
9
Spain
SGD 44,582
26.9%
10
Luxembourg
SGD 43,779
28.2%
11
Sweden
SGD 42,979
29.5%
12
Austria
SGD 42,660
30.1%
13
Denmark
SGD 41,093
32.6%
14
Greece
SGD 40,494
33.6%
15
Germany
SGD 39,142
35.8%
16
Poland
SGD 38,793
36.4%
17
Netherlands
SGD 38,385
37.1%
18
Finland
SGD 36,985
39.4%
19
Italy
SGD 36,587
40.0%
20
Romania
SGD 35,683
41.5%
21
Portugal
SGD 35,335
42.1%
22
Belgium
SGD 29,940
50.9%
23
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North America
Country 
Net pay
Average tax
Rank
USA
SGD 48,308
20.8%
1
Canada
SGD 43,631
28.5%
2
Asia / Pacific
Country 
Net pay
Average tax
Rank
Hong Kong
SGD 55,056
9.7%
1
Taiwan
SGD 53,099
13.0%
2
Thailand
SGD 50,679
16.9%
3
South Korea
SGD 49,347
19.1%
4
Kazakhstan
SGD 49,057
19.6%
5
Australia
SGD 48,300
20.8%
6
New Zealand
SGD 47,245
22.5%
7
Singapore
SGD 46,778
23.3%
8
Indonesia
SGD 46,153
24.3%
9
Pakistan
SGD 45,622
25.2%
10
Japan
SGD 45,356
25.6%
11
Malaysia
SGD 44,490
27.1%
12
Philippines
SGD 43,704
28.4%
13
Vietnam
SGD 41,871
31.4%
14
China
SGD 40,015
34.4%
15
India
SGD 37,738
38.1%
16
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Latin America
Country 
Net pay
Average tax
Rank
Guatemala
SGD 55,024
9.8%
1
Puerto Rico
SGD 51,510
15.6%
2
Costa Rica
SGD 51,089
16.2%
3
Chile
SGD 50,198
17.7%
4
Ecuador
SGD 49,269
19.2%
5
Panama
SGD 48,349
20.7%
6
Colombia
SGD 47,072
22.8%
7
Peru
SGD 45,768
25.0%
8
Brazil
SGD 44,972
26.3%
9
Mexico
SGD 44,780
26.6%
10
Uruguay
SGD 41,900
31.3%
11
Argentina
SGD 39,638
35.0%
12
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Africa
Country 
Net pay
Average tax
Rank
Angola
SGD 44,606
26.9%
1
South Africa
SGD 44,133
27.7%
2
Kenya
SGD 43,374
28.9%
3
Mozambique
SGD 42,601
30.2%
4
Ghana
SGD 41,681
31.7%
5
Nigeria
SGD 41,655
31.7%
6
Ivory Coast
SGD 40,619
33.4%
7
Morocco
SGD 39,980
34.5%
8
Cameroon
SGD 38,783
36.4%
9
Uganda
SGD 38,319
37.2%
10
Senegal
SGD 38,125
37.5%
11
Zambia
SGD 37,902
37.9%
12
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Middle East
Country 
Net pay
Average tax
Rank
United Arab Emirates
SGD 57,946
5.0%
1
Qatar
SGD 57,946
5.0%
2
Bahrain
SGD 56,116
8.0%
3
Oman
SGD 56,116
8.0%
4
Saudi Arabia
SGD 54,896
10.0%
5
Kuwait
SGD 54,286
11.0%
6
Israel
SGD 48,257
20.9%
7
Egypt
SGD 46,116
24.4%
8
Lebanon
SGD 46,000
24.6%
9
Turkey
SGD 35,781
41.3%
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.