The Singapore individual income tax rates for YA 2007 and onwards are shown below. Singapore individual / personal income taxes are charged progressively (0% – 20%), based on your chargeable income. The chargeable income is your income plus any other personal income, minus all deductions, reliefs and rebates.
| CHARGEABLE INCOME ($) | RATE (%) | GROSS TAX PAYABLE ($) | |
|---|---|---|---|
| On the first On the next |
20,000 10,000 |
0 3.5 |
0 350 |
| On the first On the next |
30,000 10,000 |
5.5 | 350 550 |
| On the first On the next |
40,000 40,000 |
8.5 | 900 3,400 |
| On the first On the next |
80,000 80,000 |
14 | 4,300 11,200 |
| On the first On the next |
160,000 160,000 |
17 | 15,500 27,200 |
| On the first Above |
320,000 320,000 |
20 | 42,700 |
Suggested Readings
How are fringe benefits taxed?
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