Singapore income tax calculator
Calculate Singapore personal income tax under IRAS YA 2024 progressive brackets (0%-24%), personal reliefs and 50% tax rebate up to $200.
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About this tool
Calculate Singapore personal income tax under IRAS YA 2024 progressive brackets (0% to 24%). Factors in personal reliefs (earned income, CPF, SRS, and course fee reliefs) and the 50% personal income tax rebate (capped at $200) to determine your net tax bill and monthly take-home salary.
How to use it
- 1 Enter your annual employment income (basic salary, AWS/13th month, and bonuses).
- 2 Enter your total eligible personal tax reliefs (up to statutory $80,000 cap).
- 3 Toggle the YA 2024 Personal Income Tax Rebate if applicable.
- 4 Review your chargeable income, gross tax, rebate savings, and monthly take-home pay.
Questions
How does progressive income tax work in Singapore?
Singapore taxes resident individuals on a progressive scale ranging from 0% on the first $20,000 of chargeable income up to 24% for chargeable income exceeding $500,000.
What is the personal relief cap in Singapore?
The total amount of personal income tax reliefs an individual can claim is subject to an overall ceiling of $80,000 per Year of Assessment.
Are capital gains or dividends taxed in Singapore?
No. Singapore does not levy capital gains tax or tax on dividends received from Singapore-resident companies under the one-tier corporate tax system.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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