Use the form at the top of the page to enter your gross salary, expand More Options to add extras, then click Calculate.
The panel below the form shows an estimate of your take-home pay in Singapore.
Swipe right to reveal the full tax breakdown, and use the pay-frequency dropdown to select how you are getting paid (Monthly, Biweekly, etc.).
Scroll down to see how you stack up against the average salary and minimum wage in Singapore.
Use the panel on the left to enter your gross salary, expand More Options to add extras, then click Calculate.
The table below will show an estimate of your take-home pay in Singapore, alongside a full tax breakdown.
Your salary:<use left panel>|
Enter your salary in the left panel, then click Calculate
The following chart outlines your before-tax earnings relative to the national average salary and minimum wage in Singapore.
Your Salary
$60,840$5,070$2,340$1,170$234$29.25
Average Salary
$60,840$5,070$2,340$1,170$234$29.25
Minimum Wage*
$36,000$3,000$1,385$692$138$17.31
Please note that the national figures assume full-time employment for the entire year, while your salary is calculated based on
the settings you selected.
Average Salary in Singapore
The average (median) annual salary for full-time employed residents in Singapore is $60,840,
or $5,070 per month, according to the
latest figures
from the Statistics Department of Singapore's Ministry of Manpower.
If we input this amount into our salary calculator, we get a monthly after-tax salary of $3,905
for Singapore tax residents.
It's important to note that these figures include the employer's CPF contributions.
This means that the actual salary the average employee can expect in Singapore will be lower, since the CPF contributions paid by
employers can go up to 17% of the gross salary (capped at $6,800 per month) and 17% of any bonuses.
Minimum Wage in Singapore
Singapore does not have a national minimum wage.
Instead, wages for workers in certain sectors must follow government-mandated rates, while salaries for foreign nationals must meet
specific minimum requirements, depending on the type of work permit.
For example, foreign employees on an S Pass have to earn a minimum of $3,000 per month,
or $36,000 per year.
The S Pass permit is granted to mid-level skilled workers that meet the eligibility criteria.
Highly skilled professionals will usually hold an Employment Pass,
which mandates a minimum gross salary of $5,000 per month, or $60,000 per year.
How Is Income Tax Calculated in Singapore?
Singapore distinguishes between tax residents and non-residents.
Residents are taxed at a progressive rate between 0% and 24%, and must also contribute to the Central Provident Fund (CPF).
Non-residents must pay either a 15% flat rate on their employment income or the progressive resident tax rate, whichever is higher,
and also a 22% flat rate on income additional to their wages.
Tax residents, as defined by the Inland Revenue Authority of Singapore (IRAS), are:
Singapore citizens or permanent residents who live in Singapore except for temporary absences, such as vacations.
Foreigners who have lived or worked in Singapore for at least 183 days in the last year or continuously for the
last three years (business trips, overseas vacation leave, weekends, and public holidays count toward those 183 days).
Foreigners who have worked in Singapore over a continuous period spanning two years with a total period of stay
of at least 183 days (this doesn't include directors of companies, public entertainers, or independent professionals).
Do You Need to File Income Tax in Singapore?
Most individuals living in Singapore are required to file income taxes.
You may be selected for the No-Filing Service (NFS), which means your employer and supplementary retirement scheme (SRS) operator
will tell the Inland Revenue Authority of Singapore (IRAS) your earnings and SRS withdrawals.
The IRAS will then pre-fill this information so you don't have to file a tax return.
If you aren't selected for the NFS and still need to file income tax, Singapore residents and non-residents can
e-file
on the IRAS website.
E-filing is open from March 1 to April 18 of every year.
You can also paper-file by completing tax forms and sending them to the IRAS by April 15.
Taxes Included in This Singapore Tax Calculator
Income Tax:
Singapore residents are taxed at a gradual rate between 0% and 24%.
Meanwhile, non-residents are taxed at a 15% flat rate or the progressive resident tax rate, whichever is higher.
Non-residents also pay a 22% flat rate on income additional to their normal salary.
Central Provident Fund (CPF):
The CPF is Singapore's social security savings scheme, which is funded by employers and employees.
Only permanent tax residents are required to make CPF contributions, and the
rates
are based on the number of years as Singapore Permanent Resident (SPR) and the taxpayer's age.
The information provided on this site is intended for informational purposes only. Please consult a qualified specialist such as an accountant or tax advisor for any major financial decisions.