Use this tool to quickly and easily calculate your Singapore income tax.
How to Use the Singapore Tax Calculator
To use the calculator, fill in your annual income, age, CPF contribution, number of children, number of other dependents, total donations, and education relief. Once all fields are filled, click on the “Calculate” button to see your estimated tax payable.
How it Calculates
The calculator deducts various reliefs from your annual income to compute your chargeable income. It then applies the relevant tax rates based on Singapore’s tax brackets to determine your tax payable. Note that this is a simplified version and may not cover all possible scenarios or tax reliefs available.
Limitations
This calculator provides an estimate based on standard reliefs and may not be an accurate reflection of your actual tax liability. For detailed computations, consult the Inland Revenue Authority of Singapore (IRAS) or a tax professional.
Use Cases for This Calculator
Calculating Personal Income Tax
Calculate your personal income tax in Singapore based on your annual income. Simply input your income amount and let the calculator determine your tax obligations.
Estimating Tax Deductions
Easily estimate your tax deductions by inputting relevant information such as donations made, reliefs applicable, and other deductible expenses. The calculator will show you the adjusted taxable income.
Comparing Taxes for Different Income Levels
Compare the tax amounts for varying income levels to have a clear understanding of how different earnings impact your tax liability. Experiment with different figures to see the variations.
Understanding Tax Rates for Different Tax Residents
Learn about tax rates for tax residents and non-residents in Singapore by using the calculator. Input your residency status to get accurate tax rate information.
Calculating Foreign Tax Credits
Determine the foreign tax credits you can claim against your Singapore tax liability by entering details of taxes paid in other countries. The calculator will help you ensure you are not taxed twice.
Projecting Future Tax Obligations
Project your future tax obligations based on expected income increments or other changes. Plan ahead by understanding how your taxes will vary with different scenarios.
Estimating Goods and Services Tax (GST)
Estimate the amount of GST you will pay on purchases by using the calculator to input the purchase amount. This will help you budget and understand your expenses better.
Calculating Property Tax
Determine your property tax liability by entering details of your property’s annual value and tax rates applicable. Get a clear breakdown of your property tax with ease.
Estimating Withholding Tax
Estimate the withholding tax you need to deduct from payments to non-residents by entering the payment amount and relevant details. Ensure compliance with tax regulations effortlessly.
Calculating Stamp Duty
Calculate the stamp duty payable on property transactions by inputting details such as property value and type. Get a quick overview of the stamp duty costs involved.