Singapore Income Tax Calculator for Resident Individuals

Simple tax calculator which is used to calculate the income tax for the Singapore resident individuals.

IRAS (Inland Revenue Authority of Singapore) Tax Calculation - 2014

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Formula:

Gross Tax Payable = MT + ( ( ( I - CI ) / 100 ) * R ) Effective Tax Rate = ( Gross Tax Payable / I ) * 100
Where, MT = Minimum Tax I = Your Income CI = Chargeable Income R = Tax Rate Percentage
Chargeable IncomeRate (%)Gross Tax Payable ($)
First 20,000 $
Next 10,000 $
0
2
0
200
First 30,000 $
Next 10,000 $
-
3.5
200
350
First 40,000 $
Next 40,000 $
-
7
550
2,800
First 80,000 $
Next 40,000 $
-
11.5
3,350
4,600
First 120,000 $
Next 40,000 $
-
15
7,950
6,000
First 160,000 $
Next 40,000 $
-
17
13,950
6,800
First 200,000 $
Next 120,000 $
-
18
20,750
21,600
First 320,000 $
Above 320,000 $
-
20
42,350

IRAS (Inland Revenue Authority of Singapore) tax calculation for the year 2014 is made easier here.

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