Snapshot of Singapore Personal Income Tax Rates 2014

Calculate Your Personal Income Tax This page provides a snapshot of personal income tax rates in Singapore for the year of assessment 2014. To calculate your personal tax obligations, please use our online tax calculator.

Singapore’s taxation rate is one of the most competitive in the world. After deducting personal reliefs, personal income taxes are levied on a graduated scale which starts at 0% and is capped at a favourable 20%. There is no tax on income derived and received outside of Singapore, and no capital gains or charge-related taxes to worry about.

Year of Assessment 2014
Chargeable Income Rate (%) Gross Tax Payable ($)
On the first
On the next
20,000
10,000
0
2
0
200
On the first
On the next
30,000
10,000
-
3.5
200
350
On the first
On the next
40,000
40,000
-
7
550
2,800
On the first
On the next
On the next
80,000
40,000
40,000
-
11.5
15
3,350
4,600
6,000
On the first
On the next
On the next
160,000
40,000
120,000
-
17
18
13,950
6,800
21,600
On the first
In excess of
320,000
320,000
-
20
42,350