Singapore Tax Relief Calculator

Tax Relief Breakdown by Category

The Singapore Tax Relief Calculator helps individuals calculate their total tax reliefs and deductions for Singapore income tax. This calculator includes personal reliefs, family reliefs, education reliefs, and retirement savings reliefs to determine your tax savings.

Singapore Tax Relief Overview

Singapore provides various tax reliefs to reduce the tax burden on individuals. These reliefs are deducted from your chargeable income before calculating income tax. The reliefs are designed to support families, encourage education and training, and promote retirement savings.

Personal Tax Reliefs 2024

Automatic Reliefs

Relief Type	Amount (SGD)	Eligibility	Notes
Personal Relief	20,000	All tax residents	Automatic relief for all
Earned Income Relief	1,000	Earned income recipients	Automatic for employment income

Family Reliefs

Relief Type	Amount (SGD)	Conditions	Maximum
Spouse Relief	2,000	Spouse with no income or income ≤ $4,000	$2,000
Handicapped Spouse Relief	4,000	Spouse is handicapped	$4,000
Child Relief	4,000 per child	Unmarried child under 16 or studying	No limit
Handicapped Child Relief	7,500 per child	Child is handicapped	No limit
Parent Relief	9,000 per parent	Parent aged 55+ with income ≤ $4,000	$18,000 (2 parents)
Handicapped Parent Relief	14,000 per parent	Parent is handicapped	$28,000 (2 parents)
Grandparent Relief	3,000 per grandparent	Grandparent aged 55+ with income ≤ $4,000	$6,000 (2 grandparents)

Education and Training Reliefs

Course Fees Relief

• Maximum Relief—$5,500 per year
• Qualifying Courses—Approved courses for skills upgrading
• Eligible Expenses—Course fees, examination fees, compulsory materials
• Conditions—Course must be job-related or skills upgrading

Foreign Maid Levy Relief

• Relief Amount—Twice the levy paid, up to $20,000
• Conditions—Must have qualifying child under 12 or elderly parent
• Documentation—Levy payment receipts required

Retirement and Savings Reliefs

CPF Relief

Contribution Type	Maximum Relief	Conditions
Voluntary CPF Contributions	$37,740	Combined with mandatory contributions
CPF Top-up for Parents	$8,000	Top-up to parents' CPF accounts
CPF Top-up for Grandparents	$8,000	Top-up to grandparents' CPF accounts
CPF Top-up for Spouse	$8,000	Top-up to spouse's CPF account

SRS Relief

• Maximum Relief—$15,300 for Singapore Citizens and PRs
• Maximum Relief—$35,700 for Foreigners
• Investment Options—Deposits, unit trusts, shares, bonds
• Withdrawal—Penalty-free withdrawal from age 62

Special Reliefs

NSman Relief

Relief Type	Amount (SGD)	Eligibility
NSman Self Relief	3,000	Operationally ready NSman
NSman Wife Relief	750	Wife of operationally ready NSman
NSman Parent Relief	750	Parent of operationally ready NSman

Working Mother's Child Relief

• Relief Rate—15% of mother's earned income for 1st child
• Relief Rate—20% of mother's earned income for 2nd child
• Relief Rate—25% of mother's earned income for 3rd and subsequent children
• Maximum Relief—$50,000 per year
• Conditions—Child must be unmarried and under 16

Life Insurance Relief

• Maximum Relief—$5,000 per year
• Qualifying Policies—Life insurance policies on own life
• Eligible Premiums—Premiums paid for life insurance coverage
• Exclusions—Investment-linked policies may have restrictions

Relief Optimization Strategies

Maximizing Family Reliefs

• Spouse Relief—Ensure spouse's income is below $4,000
• Parent Relief—Consider supporting parents to qualify for relief
• Child Relief—Claim relief for all qualifying children
• Working Mother Relief—Optimize between spouses for maximum benefit

Education and Training

• Course Selection—Choose approved courses for maximum relief
• Timing—Spread course fees across tax years if beneficial
• Documentation—Maintain proper receipts and certificates

Retirement Planning

• SRS Contributions—Maximize SRS contributions for tax relief
• CPF Top-ups—Consider voluntary CPF contributions
• Family CPF Top-ups—Top-up family members' CPF for additional relief

How to Use the Calculator

To use the Singapore Tax Relief Calculator:

1. Enter your annual employment income
2. Select your filing status (single, married, etc.)
3. Choose the tax year for assessment
4. Include personal reliefs by checking the box
5. Enter details for spouse, children, and parents
6. Add education and training expenses
7. Include retirement savings contributions
8. Click "Calculate" to see your total tax relief and savings

The calculator will show your total relief amount and the corresponding tax savings based on Singapore's progressive tax rates.

Important Considerations

When calculating tax relief in Singapore:

• Documentation—Maintain proper supporting documents for all claims
• Eligibility—Ensure you meet all conditions for each relief claimed
• Timing—Some reliefs have specific timing requirements
• Updates—Relief amounts and conditions may change annually
• Professional Advice—Consult tax professionals for complex situations

This calculator provides estimates based on current Singapore tax relief provisions. Actual relief amounts may vary based on specific circumstances and detailed eligibility requirements. Always refer to IRAS guidelines and seek professional advice for complex tax situations.

Related calculators: Singapore Income Tax Calculator, CPF Calculator, Singapore Salary Calculator

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