Singapore

Individual - Sample personal income tax calculation

Last reviewed - 17 September 2020

Year of assessment 2020 (income year ended 31 December 2019).

  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
Tax payable after rebate 10,300