Your Total Income After Tax
|Salary Before Tax|
|Salary After Tax||Please enter salary|
Simply enter your annual or monthly income into the salary calculator above to find out how taxes in Singapore affect your income. You'll then get a breakdown of your total tax liability and take-home pay.
- Salary Before Tax
- your total earnings before any taxes have been deducted. Also known as Gross Income.
- Salary After Tax
- the money you take home after all taxes and contributions have been deducted. Also known as Net Income.
Your Income Tax Breakdown
|Total Tax Due||Please enter salary|
- Total Tax Due
- the sum of all taxes and contributions that will be deducted from your gross salary.
The deductions used in the calculator assume you are not married and have no dependants. You may pay less if tax credits or other deductions apply.
Taxation in Singapore
- Income Tax
- is a progressive tax, meaning that individuals with higher wages will be taxed more than individuals with lower wages.
The information presented here is based on the fiscal regulations in Singapore in 2021. Visit iras.gov.sg for more details.
Financial Facts About Singapore
The average monthly net salary in Singapore (SG) is around 6 005 SGD, with a minimum income of 2 500 SGD per month. The economy of Singapore has been ranked as one of the most open and competitive economies in the world, making it a business-friendly regulatory environment for local entrepreneurs.
Personal income tax rate in Singapore is one of the lowest in the world and depends on the residency status. Individuals are taxed only on the income earned in Singapore and the tax rates for resident taxpayers are progressive, with higher rates being applied to higher income levels. The current highest personal income tax rate is at 22%.
Tourism is one of the biggest contributors to the Singaporean economy, attracting over 17 million international tourists annually, more than 3 times of Singapore's total population. Also the annual Population in Brief report shows that foreigners represent 40 per cent of the population in Singapore, as of June 2018. While having a very high standard of living, Singapore is also ranked first worldwide for the ease of doing business.