Singapore Tax Calculator
Annual Tax: $1,350.00
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The Singapore Tax Calculator helps individuals calculate their personal income tax liability based on current IRAS (Inland Revenue Authority of Singapore) tax rates and reliefs. This calculator supports both residents and non-residents with different tax structures and relief entitlements.
Singapore Income Tax System
Singapore operates a progressive income tax system where tax rates increase with higher income levels. The tax year runs from January 1 to December 31, with tax returns typically due by April 15 of the following year. Singapore residents enjoy various tax reliefs that can significantly reduce their tax liability.
Tax Calculator Components
A Singapore tax calculation typically includes the following key components:
- Gross Income—total annual income from all sources including salary, bonuses, and benefits.
- Tax Reliefs—deductions that reduce taxable income, available to residents.
- Chargeable Income—gross income minus total reliefs, subject to tax.
- Tax Liability—calculated using progressive tax rates on chargeable income.
Tax Residency Status
Singapore Tax Residents
You are considered a Singapore tax resident if you:
- Are a Singapore citizen or permanent resident
- Stay in Singapore for 183 days or more in the calendar year
- Are physically present in Singapore for 3 consecutive years
Non-Residents
Non-residents are taxed at:
- Flat rate of 15% on employment income
- 22% on other income (or progressive rates if more beneficial)
- Not entitled to personal reliefs
Progressive Tax Rates (YA 2024)
Singapore residents pay tax according to these progressive rates:
Chargeable Income | Tax Rate | Tax Amount |
---|---|---|
First $20,000 | 0% | $0 |
Next $10,000 | 2% | Up to $200 |
Next $10,000 | 3.5% | Up to $350 |
Next $40,000 | 7% | Up to $2,800 |
Next $40,000 | 11.5% | Up to $4,600 |
Next $40,000 | 15% | Up to $6,000 |
Next $40,000 | 18% | Up to $7,200 |
Next $40,000 | 19% | Up to $7,600 |
Next $40,000 | 19.5% | Up to $7,800 |
Above $320,000 | 20% | - |
Common Tax Reliefs
Automatic Reliefs
- Earned Income Relief—$1,000 for residents with employment income
- CPF Contributions—Employee's mandatory CPF contributions (up to annual limit)
Personal Reliefs
- Spouse Relief—$2,000 if spouse has no income or earns less than $4,000
- Child Relief—$4,000 per child (various conditions apply)
- Handicapped Child Relief—$7,500 per handicapped child
- Parent Relief—$9,000 per parent (age 55 and above, income conditions apply)
- Grandparent Relief—$3,000 per grandparent (specific conditions)
Other Reliefs
- Life Insurance Premiums—Up to $5,000 per year
- Course Fees Relief—Up to $5,500 for approved courses
- NSman Relief—$3,000 for operationally ready national servicemen
- Foreign Maid Levy Relief—Up to $20,000 for families with young children or elderly
Special Schemes and Incentives
Not Ordinarily Resident (NOR) Scheme
For new residents and returning Singaporeans:
- Partial tax exemption on foreign income
- Available for 5 consecutive years
- Subject to conditions and approval
Tax Incentives for Professionals
- Various incentives for specific professions
- Research and development tax benefits
- Start-up tax exemption schemes
How to Use the Calculator
To use the Singapore Tax Calculator:
- Enter your annual gross income
- Select your residency status
- Provide your age and marital status
- Choose the assessment year
- Include applicable tax reliefs
- Add any additional reliefs you qualify for
- Click "Calculate" to see your tax liability and net income
The calculator will show you the tax breakdown, effective tax rate, and your net income after tax.
Important Filing Information
Filing Requirements
- Annual income above $22,000 (residents)
- All non-residents with Singapore income
- Directors of companies
- Self-employed individuals
Filing Deadlines
- Paper filing: March 15
- e-Filing: April 15
- Extensions available in certain circumstances
Tax Planning Tips
- Maximize reliefs—Ensure you claim all eligible reliefs
- CPF contributions—Consider voluntary contributions for tax savings
- Timing of income—Consider timing of bonuses and benefits
- Investment planning—Understand tax implications of investments
- Professional advice—Consult tax professionals for complex situations
This calculator provides estimates based on current tax rates and standard reliefs. Actual tax liability may vary based on specific circumstances, additional income sources, and changes in tax legislation. Always refer to IRAS guidelines or consult with tax professionals for accurate tax planning.
Related calculators: Singapore Salary Calculator, CPF Calculator Singapore, Singapore Tax Relief Calculator