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Income Tax Calculator

Income Tax Calculator

Singapore’s personal tax rates 

The tax rate you pay depends on whether you are a tax resident or non-resident in Singapore. The following income tax rates apply to tax residents, which includes Singapore citizens, permanent residents, or foreigners who have completed 183+ days of work in Singapore that tax year:

As you can see, personal income tax rates get progressively higher as you earn more, up to a "marginal rate" of 22%. The marginal rate doesn't refer to what you pay on everything you earn, but to the highest band of income that you earn. 

For example, if you earn $190,000 a year, your tax band is a marginal rate of 18% (see table above), but you only pay that rate on the $30,000 you earned above $160k, in other words, $30,000 * 18% = $5,400. 

This would be added to the $13,950 you pay on the first $160,000 you earned, for a total tax bill (excluding other deductions) of $19,350 or just 10.18% of your annual gross pay. 

Roughly 80% of all personal income tax collected comes from the top 10% of taxpayers. 

How to use this template

1. Click the link to the read-only document!

https://docs.google.com/spreadsheets/d/13Mq1JHw8bKOe8cZNR78WDq3miesskpe_JGgnxuKqh1s/edit?usp=sharing

2. Make a copy of this calculator for your own use

[Open document > File > Make a copy]

3. Use the calculator for your own use!

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