The National Service Housing, Medical and Education (NS HOME) Award is given by the Ministry of Defence and the Ministry of Home Affairs to recognise the contributions of Singapore Citizens who serve National Service.
An eligible citizen National Serviceman will be awarded between $5,000 to $5,500 by the time he completes his Operationally Ready National Service training cycle. This award is tax-exempt.

Tax treatment of NS HOME Award

You do not need to declare the award in your Income Tax Return since it is not taxable.