[Update: the 2009 version of this post is here: Income Tax Calculator 2009.]
[Update: the 2008 version of this post is here: Income Tax Calculator 2008.]
We have all filed our tax returns. But we’re not sure how much tax we’ll be paying.
Here’s an income tax calculator for this year (YA2007). Just enter your chargeable income (assessable income minus all applicable reliefs):
The above calculator is based on information from Inland Revenue Authority of Singapore (IRAS).
Even though the maximum individual tax rate is 20%, most of us will be charged at a (much) lower rate due to the progressive tax structure. For example, if your chargeable income is $100k, your tax rate is only 7.1%. The graph below shows effective tax rate against chargeable income:
71 Comments
What is chargeable income?
Take into example someone earning 2.5k per mth (before CPF). Which of these are chargeable?
a. 2,500 x 12?
b. [(2,500 + employer CPF contributions) x 12] + bonus
c. [(80% of 2,500 + employer CPF contribtution) x 12] + bonus
d. other combinations
Thanks!
Correction: I meant “not even 10x that of the ….”.
HI
I need to check my tax applicable after an income of $250k a year after bonus.
I am earning $8000 (singapore dollar)per month, i.e. $96000 per annum, please what would be tax applicable on the same, also if i wish to stay in singapore for 5 years then is there any benefit in taxation.
Also i have heard if i leave after 5 years then what were tax was been collected is refunded, is that true?
awaiting response
Hi.,
My salary is SGD 5000/month and I am travelling to Singapore next month. Whats is the tax liability by me considering that I will be shelled out 5000 as my basic.What is the logic of change in tax for 6 month and more than 6 month calculation?
I am being offered S$45260 Gross, which includes (all numbers are per annum) :
Basic : S$43800
Bonus : S$1200
Insurance: S$60
Family Insurance : S$200.
Two Questions :
What will be my net take home salary per month. Would appriciate if can reply with each deduction item as well.
Is this a practically enough salary to live and save some money for a new commer like me with 2.5 Years experience in IT. ( I know its a wauge question – but…)
Hi,
I’m from India and have been here in Singapore from 25 th July 2005 continuously(first year
Dear Admin,
Thank you very much for your kind reply.
Regards
KK
hi
guys, got a quesion i got job offer of 90000 per year . But I saw all the exap sites accomodaiton is very expensive. is tht sufficeint salary as i am looking to save heaps as well.
thanks
sam
Guys ,
what is the rental for a normal one bed room aspartment . If i had to work in the city , how difficult it is to commuyte to city from outskirts and how much tranporation charges wud come to ?
avrage cost of one room ( 2 ppl can stay) S$400 to 500
cost to commute about s$ 50 to S$ 70
commutation is too good in singapore you can travel whole country in about 1.5 hrs during any time of day.. buses are trains are best and have good freqency, wait time not excess of 7 min anywhere any location.. only problem with outskirts- you will endup travelling Half an hour extra each trip – every day..
Hello Admin:
Im being offered by a Singaporean company of S$ 1800/mos (gross) as a management trainee.I’m not originally from Singapore, however according to my contract, I’ll be staying with the company for 2 years..hence I’ll be tax as a resident individual.
My questions are:
1. Is my salary competetive given my position?? 2. (Pls) Help me compute my net montly income given my monthly salary?
3. Is the deduction of tax on income per month or per annum basis?
Thank you very much.. I badly need your help regarding this “tax” matter!
xoxo,
Kooki
I still have trouble understanding, what exactly makes up the taxable income. I am offered the following:
basic: 10500pm x 13
car allowance: 1800 pm
housing allowance: 5500 pm
Does that mean that my taxable income 10500×13 + 1800×12 + 5500×12 = 158100 is?
Also, I think the company would rent the place for me. How would that influence the taxable income?
Regs
Rainer
I am a foreign consultant who is incorporated in Singapore. I will be here more than 183 days in 2007, but I heard as a director and sole employee of my company I have to pay more taxes. Can someone please advise on how much I have to pay on a salary of $75000.
Thanks,
Omar
Hi,
I came to singapore on 12th November, and my monthly salary is S$5500…there is no other allowance from the company..my entire salary is quoted as Basic, how much should I have to pay for this year and how much it will be for the next year. please advise me on the same..I am confused by many collegues…
Hi,
I got a job with sg $81,000 PER Annum. i am going to stay as a bachelor in singapore and i am from india, So how much Tax i want to pay for a year ?
Shiva
Hi Admin,
From July 12th to till date i’m working in singapore.
My total earned salary from July 12th to Dec 31st is around S$ 25,000. Its less than 183 days.
Could you please tell me how much tax i need to pay for this.
Thanks in advance.
Cheers,
Mukesh Kanna .J
I arrived in Singapore 19th June and I’ve been employed in Singapore apart from 24 days out of Singapore, giving me a total of 172 days for year ending 2007.What is the situation for paying tax here as I’m less than 183 days in the country.
I have been offered a job in a Singapore registered company, having operating office outside singapore at US$132,000 per annum. I will be non resident as I will be in the operating office. Kindly advise
a) what should be my salary structure to pay minimum taxes
b) What are the relief I may get and under what scheme as non resident
c) May tentative total tax payment and the rate of such tax.
d)Will my employer will deduct TDS, if yes at waht rate?
Thanking you in anticipation of your reply.
Dear Admin.
The company is new and yet to have full set up in Singapore and hence asked me to inform them the expected salary structure by me from them.Pl. advise me with all my queries. Shall be oblidged for the same.
Regards
Raj
Dear Admin,
I got s$4360 of total salary in 2007, so Am I need to pay for tax of year 2007.
Thanks
Hi,
I earned $4000 in 2007. I have received the IRA form
am i suppose to file the form? Would it be all rite if i don’t? As i am currently studying.
Pls advice me
Thanks
Hey admin,
sporean dude here but clueless on how to claim tax relief for 2 kids.
1. With wife working and earning 50k PA am I still entitled to child tax relief? ( I earn 80kPA)
2. Tips of areas to look out for to reduce taxes?
3.Best way to save money on taxes is…..
Hi,
My base is $160k – how much tax will i pay?
Hi admin,
If I am working in singapore less 3 months or just 3 months and leaving soon, how do I have to pay tax?
Thanks
hello admin,
i am working in a pvt ltd in voucher basis, whether i have to pay my income tax, and what would be the tax for salary rs 6000/ per month earnings for oucher basis employes. all p ltd. comps.
Generally, what thing can be include in the salary in singapore ? such as bonus, insurrance ..etc
So what are they ?
And what about labor law in singapore and so does the tax charge from the foreign employee ?
does the employer pay or employee pay for the tax?
Hi
I start working in singapore on 3rd of april 2008. I’m staying in Johor commuting daily back and forth. Am I considered resident for tax? The other thing is, how long should I stay to prevent from being charged 15% of my income, $4500 pm ( I plan to move back to Malaysia after 6 months working in Singapore)
Thanks a lot
Hi
New job and my employer who also owns an entity in Singapore wants to pay me a salary there around 6.000 SG$, but I do not live and work there but in Vietnam. Do I have to pay tax in SIngapore,
will only come there one week every two months
thanks for the advises
I heard that 15% tax for 30 days to 160 days is no more applicable is it correct? can u please provide me more info…
regards
khokan
Hello,
I am an Indian & I am planning to travel to Singapore by mid Nov.2008 on long term (may be 1-2 years) & my yearly gross would be around 70k, What will be the tax I need to pay? What would be the best way to stay with family(3 members)?
Thanks in advance,
Rajesh
hi,
im malaysian…
B4 i got working at sing 2year++(nov/05-mac/08),af tat i resign..than 12may08 i work 2other sing company again until 30sept08,i resign again…than i’ll get the tax or no?
yes, of course you’ll have to file tax.
how can i noe how much the tax i get it?
have website?
TQ!
hai admin,
im msian and earn gross 133k/year
may i have the clarification personnal taxes and
tax for the company and do i have to pay both., and how much that my tax deduction , ist worthit i accept the job. please admin im waiting your replay.
tq
I’m moving to Singapore!! The new Vietnamese tax rates on personal income are much higher! And NO exemptions can be claimed. A person earning $40,000 (USD) has a tax rate of 21%. And who knows what is being done with the tax revenues.
i have joined singapore on 1st aug 08 & as on date, almost 183 days are completing, but main thing i am on projects outside singapore for most of time. as on 31st jan 09, i will complete 183 days. but, only 90 days in singapore & 90 days on project in india. please tell me the taxability status for 2009 & 2010 AY. my monthly salary is SGD 6000 p.m.
may i know how to calculate the tax on tax on quarters?