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Singapore
Individual - Sample personal income tax calculation
Last reviewed - 03 May 2023Year of assessment 2023 (income year ended 31 December 2022).
| 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 |
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