Singapore

Individual - Sample personal income tax calculation

Last reviewed - 02 June 2025

Year of assessment 2025 (income year ended 31 December 2024).

	SGD	SGD
Employment income	120,000
Less: Employment expenses	(2,000)
Net employment income		118,000
Income from trade, business, profession, or vocation		50,000
Other income:
Interest		5,000
Rent from real property		2,000
Total income		175,000
Less: Approved donations		(1,000)
Assessable income		174,000
Less: Personal reliefs
Earned income relief	1,000
Spouse relief	2,000
Qualifying child relief	8,000
Parent relief	9,000
CPF relief	20,400
		(40,400)
Chargeable income		133,600

Tax payable		9,990
Less: Tax rebate (capped at SGD 200)		(200)
Net tax payable after rebate		9,790