The Singapore individual income tax rates for YA 2020 are shown below. Singapore individual / personal income taxes are charged progressively (0% – 22%), based on your chargeable income. The chargeable income is your income plus any other personal income, minus all deductions, reliefs and rebates.
INDIVIDUAL TAX RATES OF TAX FOR YEAR 2019 (YEAR OF ASSESSMENT 2020) | |||
---|---|---|---|
Chargeable Income | Income Tax 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 |
80,000 40,000 |
– 11.5 |
3,350 4,600 |
On the first On the next |
120,000 40,000 |
– 15 |
7,950 6,000 |
On the first On the next |
160,000 40,000 |
– 18 |
13,950 7,200 |
On the first On the next |
200,000 40,000 |
– 19 |
21,150 7,600 |
On the first On the next |
240,000 40,000 |
– 19.5 |
28,750 7,800 |
On the first On the next |
280,000 40,000 |
– 20 |
36,550 8,000 |
On the first In excess of |
320,000 320,000 |
– 22 |
44,550 |
Source: IRAS
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