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Singapore Income Tax Calculator
Singapore features one of Asia's most competitive progressive income tax systems, with rates starting at 0% up to a low top bracket, combined with the CPF social security framework.
"Your wallet is celebrating! Almost zero deductions 🎉"
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GLOBAL TAKE-HOME LEADERBOARD
Sorted from lowest tax burden (highest net) to highest tax burden
| Rank | Country | Net Take-Home | Effective Rate | Total Deductions |
|---|
Enter two salaries and pick a country to see who keeps more net cash per month
Income Tax Brackets & Social Security
| # | Taxable Band | Tax Rate |
|---|---|---|
| 1 | Up to S$20,000 | 0.0% |
| 2 | S$20,000 – S$40,000 | 2.0% |
| 3 | S$40,000 – S$80,000 | 7.0% |
| 4 | S$80,000 – S$120,000 | 11.5% |
| 5 | Above S$120,000 | 15.0% |
Frequently Asked Questions about Taxes in Singapore
How progressive are income taxes in Singapore?
Singapore taxes income progressively from 0% on the first SGD 20,000 up to a maximum bracket, keeping effective tax rates very low compared to Western economies.
What is the CPF social security deduction?
The Central Provident Fund (CPF) applies up to 20% for Singapore citizens and permanent residents, functioning as a mandatory personal retirement, healthcare, and housing fund.
Do foreign employment pass holders pay CPF in Singapore?
No. Foreign workers on Employment Passes (EP) are exempt from CPF contributions and only pay progressive personal income tax.
Is capital gains taxed in Singapore?
Singapore has 0% capital gains tax and 0% dividend tax on qualifying personal investments.