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 (76KB) for tax resident individuals or the iPhone App IRAS SG 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 2012. He earned $50,000 in 2012. He has unutilised Parenthood Tax Rebate balance of $5,000 in his account. His chargeable income for the Year of Assessment (YA) 2013 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 |
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: YA 2013 personal tax rebate ($366.25 X 30%) |
109.88 |
|
256.37 |
| Less: Parenthood Tax Rebate |
256.37 |
Net Tax Payable
|
-
|
Example 2 :
Mr Fong was 64 years old in 2012. He earned $250,000 in 2012. His chargeable income for the Year of Assessment (YA) 2013 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: YA 2013 personal tax rebate (capped at $1,500)
|
1,500.00 |
Net Tax Payable
|
25,617.50
|
If you are a non-tax resident
Do use the tax calculator (67KB) for non-resident individuals to estimate your tax payable!