Singapore Personal Tax Calculator

Name: In.Corp Global Pte Ltd.
Address: 30 Cecil Street, #19-08 Prudential Tower,, Singapore, Singapore, 049712
Telephone: +65 6990 8220
Price range: 0
Rating: 5

Free Online Singapore Personal Income Tax Calculator helps you to estimate your annual tax payable in Singapore.

(See IRAS Singapore for updates)

INCOME DETAILS

Employment Income (in SGD) Employment Income
Enter your gross employment income for the previous year (including any bonuses, fixed allowances and any benefits in kind). DO NOT deduct CPF paid when you key in this figure.

100k

200k

300k

400k

500k

Use the slider or input your Income in the textbox.

Less: Employment Expenses in SGD) Employment Expense
Enter your allowable employment expenses.

10k

20k

30k

40k

50k

Use the slider or input your Expenses in the textbox.

NET EMPLOYMENT INCOME Net Employment Income
Calculated as Employment Income - Employment Expense.

Trade, Business, Profession or Vocation Trade Income
Enter your income from trade, business, profession or vocation in the previous year.

Dividends Dividends
Enter your dividends received in the previous year.

Interest Interest
Enter your interest income received in the previous year if it is NOT from deposits with approved banks or licensed finance companies in Singapore.

Rental Income from Property Rent from Property
Enter your net rent from property in the previous year.

Royalty, Charge, Estate/Trust Income Royalty
Enter your royalty, charge or estate/trust income received in the previous year.

Gains or Profits of an Income nature Gains or Profits
Enter your gains or profits of an income nature received in the previous year. These include any income which does not fall within any of the other classifications of income stated above.

Less: Approved Donations Approved Donations
Enter the amount donated (2.5 times) to approved Institution of Public Character (IPC) in the previous year.For example, if your donate $100 to an approved IPC, you will be given a $250 deduction.

ASSESSABLE INCOME in (SGD) Assessable Income
Calculated as Net Employment Income + Other Income - Approved Donations. :

Less: PERSONAL RELIEFS

Earned Income Relief Earned Income Relief
Enter the lower of your earned income or the following values:
-$1,000 (if you are below 55)
-$6,000 (55 to 59)
-$8,000(60 and above)

For handicapped persons, the maximum earned income relief will be:
-$4,000 (if you are below 55)
-$10,000 (55 to 59)
-$12,000 (60 and above)

Spouse/Handicapped Spouse Relief Spouse/Handicapped Spouse Relief
For legally separated spouses, the amount of relief is the lower of maintenance paid or S$5,500 for handicapped wife.

Qualifying/Handicapped Child Relief Qualifying child relief (QCR)
Enter $4,000 per child.

Handicapped child relief (HCR)
Enter $7,500 per handicapped child.

Working Mother's Child Relief Working Mother's Child Relief (WMCR)
Enter the following amount:
1st child - 15% of mother's earned income
2nd child - 20% of mother's earned income
3rd and each subsequent child - 25% of mother's earned income

Cumulative WMCR percentages are capped at 100% of mother's earned income.

Note: The sum of all child reliefs claimable is subject to a cap of $50,000 for each child.

Parent/Handicapped Parent Relief Parent/Handicapped Parent Relief
You can claim parent relief or handicapped parent relief for up to 2 dependants. The amount of relief for each dependant is as follows:

Staying with you
Parent relief $9,000
Handicapped parent relief $14,000

NOT staying with you
Parent relief $5,500
Handicapped parent relief $10,000

Grandparent Caregiver Relief Grandparent Caregiver Relief
Details of the above relief not found.

Handicapped Sibling Relief Handicapped Sibling Relief
Enter up to $5,500 for each of your or your spouse's brothers or sisters who are handicapped and whom you maintained.

CPF/Provident Fund Relief CPF/Provident Fund Relief
Limited information on the details of the above relief.

Life Insurance Relief Life Insurance Relief
It should mention the amount of life insurance relief allowed is the lower of:

a: the difference between $5,000 and your CPF contribution; or
b: up to 7% of the insured value of your own/ your wife’s life, or the amount of insurance premiums paid.

Course Fees Relief Course Fees Relief
Enter the mount of course fee incurred up to a maximum of $5,500 in a year if you meet the qualifying conditions.

Foreign Maid Levy Relief Foreign Maid Levy Relief

For YA2022, the maximum amount for foreign maid levy relief is as follows:

YA 2022	Normal	Concessionary*
No. of months levy paid in 2021	12	12
Total levy paid in 2021	$3,600($300x12 months) or $5,400($450x12months)	$720($60x12 months)
Minimum FDWL Relief for YA 2022	$7,200(2x$3,600) or $10,800(2x$5,400)	$1,440(2x$720)

CPF Cash Top-Up Relief CPF Cash Top-Up Relief
Maximum Relief
The amount of relief should be the maximum of S$7,000 or exact amount of cash top-up instead of "minimum".

Supplementary Retirement Scheme Relief Supplementary Retirement Scheme Relief
The yearly maximum SRS contributions should be S$15,300 and S$35,700 for Singaporean/ Singapore PR and foreigners respectively.

We also noticed that the personal tax relief will not automatically cap at S$80,000 even if the total relief amount has exceeded the cap of S$80,000.

We hope the above proposed changes help in improving the tax calculator system. Do feel free to contact us should you have any questions.

NSman Relief NSman Relief
For NSman (self) relief:
Category of NSman - Non-KAH
No in-camp training in previous year $1,500
Attended in-camp training in previous year $3,000

Category of NSman - KAH
No in-camp training in previous year $3,500
Attended in-camp training in previous year $5,000

Enter $750 if your son(s)/your husband are NSmen.

CHARGEABLE INCOME in (SGD) :

TAX PAYABLE

Less: Personal Income Tax Rebate (50%) Personal Income Tax Rebate
50% of Personal Income Tax Payable
(Capped at $200)

Less: Personal Income Tax Rebate (50%) Parenthood Tax Rebate
1st child - $5,000
2nd child - $10,000
3rd and each subsequent child - $20,000

If you have been granted PTR previously and there is balance in your PTR account, refer to the PTR statement on the balance available to offset against your tax payable.

Tax Payable on Chargeable Income

NET TAX PAYABLE in (SGD) :

Disclaimer:
The information in this summary is intended to be no more than a general overview of your tax position. In the interest of simplicity, some details have been omitted. If you need professional advice or assistance, please call us at +65 6990 8220.

Income tax calculation can be a tedious process, especially in a country with stringent laws like Singapore. However, it can be streamlined with the help of tools like the Singapore income tax calculator. These online tools simplify the process by providing a clear, user-friendly way to estimate your tax obligations.

Singapore has a progressive tax system with a 0-24% personal income tax rate. The highest rate applies to annual taxable income exceeding 1 million SGD. For non-residents, the tax rate is either a flat 15% or the progressive resident rate, whichever is higher. There’s also a personal tax rebate of 50% of your payable tax, which is capped at 200 SGD.

You must input your annual income to use our Singapore income tax calculator. The calculator will apply the appropriate rates based on your residency status—either the progressive rates for residents or the flat or non-resident rates for others. This helps estimate your tax liability and plan your finances accordingly.

The Singapore tax calculator also considers various deductions and reliefs you might be eligible for, such as personal reliefs, medical expenses, and donations.

Keep in mind that the tax year aligns with the calendar year, and returns are filed by April 15 for paper submissions or April 18 for e-filing. For Singapore residents, the minimum annual income for paying taxes is S$20,000, while non-residents are taxed on income earned in Singapore if they have worked for less than 183 days.

Using a Singapore Income Tax Calculator can significantly ease the tax filing process, making it simpler to manage and optimise your tax responsibilities.

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Jervis Lau

Associate Director

Tax Advisory & Compliance Services

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30 Cecil Street, #19-08 Prudential Tower, Singapore 049712

Call us +65 6990 8220
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