How to Calculate Your Income Tax in Singapore

[Singapore Tax Calculator - Image credit: schah.at]

If you are legally living in Singapore and your annual income is above SGD 18,000 you need to pay tax. To pay your annual tax, you need to report your income to IRAS.

IRAS tax rates depend on an individual's tax residency status.

There is an online tax calculator written by a Singapore UI designer, Schah which helps you to estimate your individual tax. The calculator is available here: http://schah.at/apps/singapore-tax-calculator/

Just use the Singapore tax calculator above it shows you roughly the amount you will have to pay to Singapore government.

Here is also the rate details:

- First $20,000 - (Tax rate: 0%)
- Next $10,000 - (Tax rate: 2%)
- First $30,000 - (Tax rate: 2%)
- Next $10,000 - (Tax rate: 3.5%)
- First $40,000 - (Tax rate: 3.5%)
- Next $40,000 - (Tax rate: 7%)
- First $80,000 - (Tax rate: 7%)
- Next $40,000 - (Tax rate: 11.5%)
- First $120,000 - (Tax rate: 11.5%)
- Next $ 40,000 - (Tax rate: 15%)
- First $160,000 - (Tax rate: 15%)
- Next $ 40,000 - (Tax rate: 17%)
- First $200,000 - (Tax rate: 17%)
- Next $120,000 - (Tax rate: 18%)
- First $320,000 - (Tax rate: 18%)
- Above $320,000 - (Tax rate: 20%)

More info can be found here: https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Income-Tax-Rates/