Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
S$13,465
Income Tax
- S$2,465
Central Provident Fund (CPF)
- S$277
Total tax
- S$2,742
Net pay
* S$10,723
Marginal tax rate
22.0%
Average tax rate
20.4%
79.6%
Net pay
20.4%
Total tax
Total tax
Net pay
The Taxberg
S$10,723
Net pay
S$235
Tax the employer pays
S$2,742
Tax you pay
Total tax paid
S$2,977
Did you know your employer also pays tax on your salary? It costs the employer S$235 to pay you S$13,465. In other words, every time you spend S$10 of your hard-earned money, S$2.21 goes to the government.
Real tax rate
21.7%
So, with you and the employer both paying tax, what used to be a 20.4% tax rate now rises to 21.7%, meaning your real tax rate is actually 1.3% higher than what it seemed at first.
Summary
If you make S$700,180 a year living in Singapore, you will be taxed S$142,590. That means that your net pay will be S$557,590 per year, or S$46,466 per month. Your average tax rate is 20.4% 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 418,996
40.2%
1
Canada
SGD 356,631
49.1%
2
Africa
Country 
Net pay
Average tax
Rank
Angola
SGD 509,612
27.2%
1
Kenya
SGD 490,803
29.9%
2
Nigeria
SGD 476,428
32.0%
3
Ivory Coast
SGD 476,159
32.0%
4
Ghana
SGD 464,501
33.7%
5
Mozambique
SGD 458,070
34.6%
6
Zambia
SGD 431,001
38.4%
7
Cameroon
SGD 427,950
38.9%
8
Morocco
SGD 427,318
39.0%
9
Senegal
SGD 421,635
39.8%
10
South Africa
SGD 398,385
43.1%
11
Uganda
SGD 389,870
44.3%
12
Show more
Middle East
Country 
Net pay
Average tax
Rank
Kuwait
SGD 686,007
2.0%
1
Bahrain
SGD 681,248
2.7%
2
Saudi Arabia
SGD 680,942
2.8%
3
United Arab Emirates
SGD 665,171
5.0%
4
Qatar
SGD 665,171
5.0%
5
Oman
SGD 644,166
8.0%
6
Egypt
SGD 525,504
25.0%
7
Lebanon
SGD 525,388
25.0%
8
Turkey
SGD 408,048
41.7%
9
Israel
SGD 382,807
45.3%
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.