Singapore Income Tax Calculator
Calculates resident individual income tax from YA2024 onwards using Singapore's progressive rates from 0% to 24%.
Result
- Income tax payable
- S$1,950.00
- Effective tax rate
- 3.25%
- Marginal tax rate
- 7.00%
- Monthly equivalent
- S$162.50
How to use the singapore income tax calculator
- Enter the chargeable income for the year (S$).
- The results update as you type, or press Calculate.
- Read the income tax payable first, then the supporting figures below it.
Formula
Tax is charged band by band: the first S$20,000 at 0%, the next S$10,000 at 2%, the next S$10,000 at 3.5%, then 7%, 11.5%, 15%, 18%, 19%, 19.5%, 20%, 22%, 23% and 24% above S$1 million.
Worked example
For example, with these inputs:
- Chargeable income for the year (S$): 60,000
the calculator returns:
- Income tax payable: S$1,950.00
- Effective tax rate: 3.25%
- Marginal tax rate: 7.00%
- Monthly equivalent: S$162.50
Background
Reliefs lower chargeable income before rates apply. Common ones include earned income relief, CPF relief for employee contributions, parent and handicapped parent relief, working mother's child relief, NSman relief, course fees relief, and relief for SRS contributions and CPF cash top-ups. Total personal reliefs are capped at S$80,000 a year.
The Goods and Services Tax rose from 8% to 9% on 1 January 2024. Businesses with taxable turnover above S$1 million must register, and GST-registered retailers must quote prices to consumers inclusive of GST, so most shelf prices already include it.
Frequently asked questions
What is chargeable income?
Your assessable income minus personal reliefs (such as earned income relief and CPF relief) and approved donations.
Does this include the personal income tax rebate?
No. One-off rebates announced in a Budget are applied by IRAS on the notice of assessment, so your final bill may be lower.
How does the singapore income tax calculator work?
It applies this formula: Tax is charged band by band: the first S$20,000 at 0%, the next S$10,000 at 2%, the next S$10,000 at 3.5%, then 7%, 11.5%, 15%, 18%, 19%, 19.5%, 20%, 22%, 23% and 24% above S$1 million.
Is this the same as my IRAS bill?
It is an estimate based on the published rates. Your notice of assessment will reflect all reliefs, rebates and income IRAS holds for you.