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Individuals (For locals)

How your tax is calculated depends on whether you are a tax resident or non-tax resident

If you are a Tax Resident

Do use the tax calculator  (77KB) for tax resident individuals to estimate your tax payable! 

Examples on how to compute your tax if you are a tax resident

Example 1 :

Mr Heng was 35 years old in 2014. He earned $50,000 in 2014. He has unutilised Parenthood Tax Rebate balance of $5,000 in his account. His chargeable income for the Year of Assessment (YA) 2015 is computed as follows:

 

 

$

$

Total Employment Income   50,000
Less: Donations        250
Assessable Income*   49,750
Less: Reliefs    
Earned Income Relief 1,000  
Qualifying Child Relief 4,000  
Employee CPF contribution relief 10,000 15,000
Chargeable Income*   34,750
* Find out what these terms mean from the Income Tax Glossary

Mr Heng's tax payable on his chargeable income of $34,750 is calculated as follows:
 
 Tax on first $30,000  $200.00
 Tax on next $4,750 at 3.5%    $166.25
 Gross Tax Payable  $366.25
 Less: Personal Income Tax Rebate (50% of tax payable, up to a cap of $1,000)  $183.13
 Less: Parenthood Tax Rebate  $182.12

 Net Tax Payable

 $    0.00 

 
 
 

Example 2 :

Mr Fong was 64 years old in 2014. He earned $250,000 in 2014. His chargeable income for the Year of Assessment (YA) 2015 is computed as follows:

 

 

$

$

Total Employment Income     250,000
Less: Donations           250
Assessable Income*    249,750
Less: Reliefs    
Earned Income Relief  8,000  
Employee CPF contribution relief  6,375    14,375
Chargeable Income*    235,375
 
Mr Fong's tax payable on his chargeable income of $235,375 is calculated as follows:
 
Tax on first $200,000  $20,750.00
Tax on next $35,375 at 18%    $  6,367.50
Gross Tax Payable  $27,117.50
Less: Personal Income Tax Rebate (50% of tax payable, up to a cap of $1,000)  $  1,000.00

Net Tax Payable

 $26,117.50

 
 
 

If you are a Non-Tax Resident

Do use the tax calculator   (79KB) for non-resident individuals to estimate your tax payable!

Examples on how to compute your tax if you are a non-tax resident

Example 3 :

Mr Gabriel is a 26 year-old foreigner (a Chile national). He stayed and worked in Singapore from 1 Aug 2014 to 31 Oct 2014. He earned a total salary of $21,000 in 2014. His chargeable income for YA 2015 is computed as follows:

 

 

$

$

Total Employment Income for 2014    21,000
Less: Employment Expenses              0
Assessable Income*    21,000
Less: Personal Reliefs              NA
Chargeable Income*    21,000
 

 

Mr Gabriel's tax payable on his chargeable income of $21,000 is calculated as follows:
 
Chargeable Income  $21,000
Tax Rate for Non-Residents    15%                               

Net Tax Payable 

 $3,150 ($21,000 X 15%)

  

 

 

 

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Last Updated on 25 February 2015


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