Singapore Personal Income Tax Calculator YA2023

Filing your returns could be daunting if you have zero knowledge about tax filing. When it comes to preparing your tax return you want to make sure you have all the bases covered. The very important thing you need to know about personal income tax is the tax rates, tax reliefs, incentives available, as well as the different tax treatments for residents and non-residents.

The income tax rates will depend on whether you are resident or non-resident. The amount and tax rates for residents are different from non-residents. Non-residents are taxed at a higher rate and are not entitled to a tax-free threshold.

Though it sounds complicated when it comes to filing tax returns, there are ways that can save your time and let you manage tax filing in a hassle-free manner. 3E Accounting always understands your need and thus we have a solution for you.

With our Singapore personal income tax calculator, you will be able to get a quick tax payable estimate and accurately forecast your income tax before you file to see how much you may get back or what you may owe on your tax return.

How It Works

About This Singapore Tax Calculator This Singapore tax calculator will work out tax rates, obligations and projected tax returns, or in some cases tax debts.
When to Use This Calculator
- if you're completing an income tax return, and
- you're an individual person, and
- once you know what your total taxable income is, then you can work out the tax on that taxable income.
What You Will Need
- You will need your financial information like total taxable income and net employment income.
- This calculation doesn't take into account any tax credits which may reduce your tax. It only calculates the income tax on the taxable income you enter.
After You Finish You will have complete information about personal tax obligations and how much you need to pay.

Year of Assessment 2017 to YA2023

INCOME DETAILS
Employment Income Employment Income Enter your gross employment income for the previous year (including any bonuses, fixed allowances and any benefits in kind). DO NOT deduct CPF paid when you key in this figure.
Less: Employment Expenses Employment Expense Enter your allowable employment expenses.
NET EMPLOYMENT INCOME Net Employment Income Calculated as Employment Income - Employment Expense.
Trade, Business, Profession or Vocation Trade Income Enter your income from trade, business, profession or vocation in the previous year.
Interest Interest Enter your interest income received in the previous year if it is NOT from deposits with approved banks or licensed finance companies in Singapore.
Rental Income from Property Rent from Property Enter your net rent from property in the previous year.
Royalty, Charge, Estate/Trust Income Royalty Enter your royalty, charge or estate/trust income received in the previous year.
Gains or Profits of an Income nature Gains or Profits Enter your gains or profits of an income nature received in the previous year. These include any income which does not fall within any of the other classifications of income stated above.
Less: Approved Donations Approved Donations Enter the amount donated (2.5 times) to approved Institution of Public Character (IPC) in the previous year. For example, if your donate $100 to an approved IPC, you will be given a $250 deduction.
ASSESSABLE INCOME Assessable Income Calculated as Net Employment Income + Other Income - Approved Donations.
Less: PERSONAL RELIEFS
Earned Income Relief Earned Income Relief Enter the lower of your earned income or the following values: -$1,000 (if you are below 55) -$6,000 (55 to 59) -$8,000(60 and above) For handicapped persons, the maximum earned income relief will be: -$4,000 (if you are below 55) -$10,000 (55 to 59) -$12,000 (60 and above)
Spouse/Handicapped Spouse Relief Spouse/Handicapped Spouse Relief Enter $2,000 for spouse relief or $3,500 for handicapped spouse relief. You are only eligible for spouse relief if the income of your spouse in the previous year is not more than $4,000. If you are divorced or legally separated and you paid alimony/maintenance to your ex-wife or handicapped ex-wife in the previous year, you will be eligible to claim the amount of alimony/maintenance paid, subject to a maximum of $2,000 or $3,500 respectively.
Qualifying/Handicapped Child Relief Qualifying child relief (QCR) Enter $4,000 per child. Handicapped child relief (HCR) Enter $5,500 per handicapped child.
Working Mother's Child Relief Working Mother's Child Relief (WMCR) Enter the following amount: 1st child - 15% of mother's earned income 2nd child - 20% of mother's earned income 3rd and each subsequent child - 25% of mother's earned income Cumulative WMCR percentages are capped at 100% of mother's earned income. Note: The sum of all child reliefs claimable is subject to a cap of $50,000 for each child.
Parent/Handicapped Parent Relief Parent/Handicapped Parent Relief You can claim parent relief or handicapped parent relief for up to 2 dependants. The amount of relief for each dependant is as follows: Staying with you Parent relief $7,000 Handicapped parent relief $11,000 NOT staying with you Parent relief $4,500 Handicapped parent relief $8,000
Grandparent Caregiver Relief Grandparent Caregiver Relief Enter $3,000 if you are entitled to this relief. Click "Grandparent caregiver relief" for details on qualifying conditions.
Handicapped Sibling Relief Handicapped Sibling Relief Enter up to $3,500 for each of your or your spouse's brothers or sisters who are handicapped and whom you maintained.
CPF/Provident Fund Relief CPF/Provident Fund Relief Enter the amount of allowable CPF contribution. CPF capping rules apply. Note: Maximum range is $17,000.
Life Insurance Relief Life Insurance Relief You are eligible to claim life insurance relief up to a maximum of $5,000 if you have zero CPF contribution. Otherwise, you may claim the difference between the cap of $5,000 and your CPF contribution. For example: CPF contribution: $3,000 Allowable life insurance relief: $5,000 - $3,000 = $2,000
Course Fees Relief Course Fees Relief Enter the mount of course fee incurred up to a maximum of $5,500 in a year if you meet the qualifying conditions.
Foreign Maid Levy Relief Foreign Maid Levy Relief Enter twice the total foreign domestic worker levy paid paid in the previous year, subject to the following cap amount: Maximum Relief: Concessionary FML ($170 per month) $3,080 Without concessionary FML($265 per month) $6,360
CPF Cash Top-Up Relief CPF Cash Top-Up Relief Maximum Relief Your own minimum sum $7,000 Immediate family members (grandparents/parents, spouse or siblings) top-ups $7,000
Supplementary Retirement Scheme Relief Supplementary Retirement Scheme Relief Enter the amount you / your emplyer have contributed in the previous year, subject to a cap of $11,475 for a Singaporean / Singapore Permanent Resident and $26,775 for a foreigner.
NSman Relief NSman Relief For NSman (self) relief: Category of NSman - Non-KAH No in-camp training in previous year $1,500 Attended in-camp training in previous year $3,000 Category of NSman - KAH No in-camp training in previous year $3,500 Attended in-camp training in previous year $5,000 Enter $750 if your son(s)/your husband are NSmen.
CHARGEABLE INCOME
TAX PAYABLE

Tax Payable on Chargeable Income
Less: Personal Income Tax Rebate Personal Income Tax Rebate 30% of Personal Income Tax Payable 50% for Individuals above 60 years old up to a maximum of $1,500
Less: Parenthood Tax Rebate Parenthood Tax Rebate 1st child - $5,000 2nd child - $10,000 3rd and each subsequent child - $20,000 If you have been granted PTR previously and there is balance in your PTR account, refer to the PTR statement on the balance available to offset against your tax payable.
NET TAX PAYABLE

3E Accounting understands the difficulties in tax filing for personal income, therefore we are here to help you to understand more about tax filing in Singapore, as well as to provide you with the professional tax accountant services. Contact us today to assist you on your personal income tax.

Singapore Personal Income Tax Calculator