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Singapore Personal Income Tax Calculator

CPF Configuration

This calculator helps you estimate your Singapore personal income tax and CPF contributions for Year of Assessment 2024 (income earned in 2023). Note: Please read the Disclaimer before using this calculator.

$320,000
$20,000 $1,000,000

How to Use the Singapore Personal Income Tax Calculator

Important: Please read the Disclaimer before using this calculator.

1. Select Age Group

Choose your age group from the dropdown menu. This affects your CPF contribution rates:

  • 55 years and below
  • Above 55 to 60 years
  • Above 60 to 65 years
  • Above 65 to 70 years
  • Above 70 years

2. CPF Contribution Setting

Choose whether to include CPF contributions in your calculation:

  • Checked: CPF will be deducted from your income before calculating tax
  • Unchecked: Tax will be calculated on your full income

3. Enter Annual Income

Input your total annual income:

  • Default value is set to $320,000
  • Enter numbers only (no commas or dollar signs)
  • Minimum value is 20,000

4. Calculate

Get your tax calculation by either:

  • Clicking the "Calculate Tax" button, or
  • Pressing Enter after entering your income

5. View Results

The calculator will display:

  • Total tax payable
  • Effective tax rate
  • CPF contribution (if included)
  • Detailed breakdown by tax bracket

Frequently Asked Questions

Singapore uses a progressive tax rate system where higher income is taxed at higher rates:

  • First $20,000: 0%
  • Next $10,000: 2%
  • Next $10,000: 3.5%
  • Subsequent income brackets: Progressive rates from 7% to 24%

The highest tax rate of 24% only applies to chargeable income exceeding $1,000,000.

For detailed tax brackets, please refer to the "Tax Buckets" tab.

You are generally considered a tax resident if you meet any of these conditions:

  • Singapore citizen or permanent resident who normally resides in Singapore
  • Foreigner who has stayed/worked in Singapore for 183 days or more in the previous year
  • Foreigner who stays in Singapore continuously for three consecutive years

Note: Different tax rates apply to non-residents. This calculator is designed for tax residents only.

For official determination of your tax residency status, please consult IRAS.

The calculation process follows these steps:

  1. Determine your total annual income
  2. Subtract eligible deductions and reliefs:
    • CPF contributions
    • Personal reliefs (e.g., earned income relief, child relief)
    • Donations
    • Course fees relief
  3. The remaining amount is your chargeable income
  4. Apply progressive tax rates to different portions of your chargeable income
  5. Sum up the tax payable from each income bracket

Important: This calculator only considers CPF deductions. For a complete tax assessment including all eligible reliefs and deductions, please use the IRAS tax calculator.

Tax Buckets

Understanding Progressive Tax Rates

Singapore uses a progressive tax system where higher income is taxed at progressively higher rates. Here's how it works:

  • Your income is divided into different "buckets" or tax brackets
  • Each bracket has its own tax rate
  • You only pay the higher rate on the portion of income that falls within that bracket
  • The first $20,000 of your chargeable income is tax-free

Example:

If your chargeable income is $50,000:

  • First $20,000 → 0% tax = $0
  • Next $10,000 → 2% tax = $200
  • Next $10,000 → 3.5% tax = $350
  • Final $10,000 → 7% tax = $700
  • Total tax = $1,250
Chargeable Income Tax Rate

CPF Contribution Rates

Understanding CPF Contributions

The Central Provident Fund (CPF) is a mandatory social security savings scheme for working Singaporeans and Permanent Residents.

  • Both employers and employees contribute a percentage of the monthly salary
  • Contribution rates vary based on employee's age
  • Contributions are capped at a monthly salary ceiling of $6,800
  • CPF contributions are tax-deductible

Example Calculation:

For an employee aged below 55 with monthly salary of $8,000:

  • Monthly salary ceiling: $6,800
  • Employee contribution: $6,800 × 20% = $1,360
  • Employer contribution: $6,800 × 17% = $1,156
  • Total monthly CPF contribution: $2,516

Note: Any income above $6,800 is not subject to CPF contributions.

Age Group Employee Contribution Employer Contribution Monthly Salary Ceiling

Important: For detailed CPF information and official calculations, please visit the CPF Board website.

Disclaimer

This tax calculator is provided for educational and estimation purposes only. It should not be relied upon for tax planning or official tax calculations.

Please Note:

  • Accuracy: While we strive to maintain accurate calculations, this tool may not reflect the most recent tax laws or special circumstances.
  • Not Financial Advice: The calculations and information provided do not constitute financial or tax advice.
  • Simplified Calculations: This calculator uses simplified formulas and may not account for:
    • Tax reliefs and rebates
    • Special tax treatments
    • Complex CPF contribution scenarios
    • Additional wage ceiling rules
  • Official Sources: For accurate tax assessment, please:

Updates and Accuracy

Tax rates and CPF contribution rates shown are based on publicly available information as of 2024. These rates may change, and users should verify the current rates from official sources.

By using this calculator, you acknowledge that you understand these limitations and will not rely solely on this tool for making financial or tax-related decisions.