To help our Salary.sg readers get ready for paying income tax, here’s our income tax calculator for this assessment year (YA2020). 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 22%, most of us will be charged at a (much) lower rate due to the progressive tax structure. For example, if you are a resident and your chargeable income is $100k, your tax rate is only 5.65%.
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