Singapore Income Tax Calculator
Easily estimate take home pay after income tax so you can have an idea of what to possibly expect when planning your budget
Last reviewed on January 29, 2023
Results
Income Before Tax
Take Home Pay
Total Tax
Average Tax Rate
$ = Singapore Dollar
Income Before Tax
Income Tax
Central Provident Fund (CPF) *
Total Tax
Take Home Pay
Total Deductions
Average Tax Rate
Table of Contents
Summary
Enter your employment income into the income tax calculator above to estimate how taxes in Singapore may affect your finances. You'll then get your estimated take home pay, an estimated breakdown of your potential tax liability, and a quick summary down here so you can have a better idea of what to possibly expect when planning your budget.
To learn more about , its income tax, and tax brackets, so that you can get a deeper understanding of how your budget and finances may be affected, scroll down to the detail section below!
Quick Facts about Singapore
- Name(s) in Native Language(s):Singapore, Singapura, 新加坡, சிங்கப்பூர்
- Main Language(s):English, Malay, Mandarin, Tamil
- Currency:Singapore Dollar ($)
- Total Population:5,685,800
- Time Zone(s):UTC+8
- International Phone Code:+65
- Driving Side:Left
- Climate:Tropical, high humidity, abundant rainfall
Special Notes
- Since your central provident fund (CPF) accounts belong to you, you aren't losing the money that go towards CPF contributions. However, they are still withheld from your pay and reduce the take home pay that you see enter your bank account, so our calculator still includes them.
Frequently Asked Questions
What is the income tax rate in Singapore?
The personal income tax rate in Singapore is progressive and ranges from 0% to 22% depending on your income. This income tax calculator can help estimate your average income tax rate and your take home pay.
How many income tax brackets are there in Singapore?
The income tax system in Singapore has eleven different tax brackets. For more details, check out our detail section.
Singapore Income Tax Brackets and Other Information
The personal income tax system in Singapore is a progressive tax system. This means that your income is split into multiple brackets where lower brackets are taxed at lower rates and higher brackets are taxed at higher rates. Tax rates range from 0% to 22% for residents.
For 2022 tax year
| Taxable Income (SGD) | Tax Rate |
|---|---|
| First 20,000 | 0% |
| From 20,000 to 30,000 | 2% |
| From 30,000 to 40,000 | 3.5% |
| From 40,000 to 80,000 | 7% |
| From 80,000 to 120,000 | 11.5% |
| From 120,000 to 160,000 | 15% |
| From 160,000 to 200,000 | 18% |
| From 200,000 to 240,000 | 19% |
| From 240,000 to 280,000 | 19.5% |
| From 280,000 to 320,000 | 20% |
| From 320,000 onwards | 22% |
Standard deductions exist for residents which help to lower the amount of taxable income. One of the most common personal reliefs is the earned income relief. The amount for this varies according to your age. Note that personal reliefs on a whole have a maximum cap of $80,000 per year.
Non-residents are not eligible for any deductions and, for employment income, are taxed at either a flat rate of 15% or the progressive rates according to the tax brackets for residents, which ever is higher. In other words, tax rates range from 15% to 22% for non-residents. Additionally, it is important to note that non-residents who work as a director are simply taxed at a flat rate of 22% (the highest tax bracket).
Social Security in Singapore
The central provident fund (CPF) is the national pension scheme of Singapore and serves to support a strong foundation for retirement. Participation is mandatory for citizens and permanent residents only.
Initially, for each person, the fund is composed of three sections. They are the Ordinary Account, the Special Account, and the MediSave Account. Contributions to the CPF are automatically split and allocated between these accounts. The exact percentage that goes into each will differ depending on your age. At age 55, a Retirement Account is then created for you.
What are these accounts for?
- The Ordinary Account is meant for housing, general insurance, general investment, and general retirement.
- The Special Account is meant for old age and investment in retirement related financial products.
- The MediSave Account is for hospitalization expenses and approved medical insurance.
- Lastly, the Retirement Account is for monthly retirement payouts for those aged 55 and above.
Both employees and employers make contributions to the CPF. For employees, contribution rates range from 0% to 20% depending on income and age.
Low income earners under a certain threshold do not have to contribute while middle and high income earners have a maximum cap on their required contributions that are based on ordinary wages such as normal employment income. Contributions based on additional wages, for instance, in the form of salary bonuses, are not capped.
All mandatory CPF contributions on ordinary wages are tax deductible. Mandatory CPF contributions on additional wages are also tax deductible up to a certain limit. Additional voluntary CPF contributions, on the other hand, are not deductible.
Resident status and income tax in Singapore
Singapore taxes both residents and non-residents generally only on income that accrues in or is derived from Singapore. For income derived overseas, that is only taxable if it is received by a resident individual through a partnership in Singapore.
For the most part, individuals are considered to be resident taxpayers if they reside in Singapore or they are physically present or work in Singapore for 183 days or more during a calendar year preceding the year of assessment. Several exceptions exist with one being that individuals who stay or work in Singapore for at least 183 days spanning two calendar years will still be considered a resident taxpayer for both of those years despite not having 183 days separately in each of those years.
Calculate Your Income Tax in Other Parts of Asia Pacific
Disclaimer
- The content shown on this page is strictly for educational purposes only. It does not represent advice nor is it a substitute for a professional advisor.
- Estimated results are just estimates. They are not a guarantee of future results.
- While internal calculations are not rounded, all final resultant numbers are rounded normally with numbers ending in 0.5 and above being rounded up.
- Tax situations vary widely and calculations can get very complex. This income tax calculator only provides a rough estimate according to the most common scenarios for standard employment income that comes from an employer. If you are self-employed, your taxes might differ.
- There may be additional deductions, credits, exemptions, allowances, reliefs, etc depending on many factors. Some factors are about your family such as the number of dependents, children, relatives, parents, etc. Other factors may include mortgage payments, property depreciation, charitible donations, additional voluntary retirement contributions, etc. Whether or not you are handicapped and/or disabled may also sometimes be an additional factor.
- Depending on region and jurisdiction, salary bonuses may be treated and taxed differently from standard salary.
- Calculators from other sites may show slightly different numbers due to different deductions/credits being included or they are based on data from a different year.
- Generally, we review changes once a year since tax codes usually change once a year. If you notice a major miscalculation or error with our income tax calculator (most likely caused by a typo somewhere), feel free to direct message us on twitter and let us know. However, if you have specific questions about your own personal situation, please consult a licensed tax professional.
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