Singapore Personal Income Tax Rates
Calculate Your Personal Income Tax This page provides a snapshot of personal income tax rates in Singapore. To calculate your personal tax obligations, please use our online tax calculator.
Singapore’s Taxation Rate
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%, which will increase to 22% effective YA 2017. There is no tax on income derived and received outside of Singapore, and no capital gains or charge-related taxes to worry about.
| INDIVIDUAL INCOME TAX RATES OF TAX FOR THE YEAR 2021 (YEAR OF ASSESSMENT 2022) | |||
|---|---|---|---|
| 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 |
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 |
Please refer to our Singapore personal income tax calculator to calculate your tax for more details.
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