Singapore

Individual - Sample personal income tax calculation

Last reviewed - 27 August 2021

Year of assessment 2021 (income year ended 31 December 2020).

  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 17,000  
    (37,000)
Chargeable income   137,000
     
Tax payable   10,500