The Singapore individual income tax rates for YA 2013 and onwards are shown below. Singapore individual / personal income taxes are charged progressively (0% – 20%), based on your chargeable income. The chargeable income is your income plus any other personal income, minus all deductions, relief’s and rebates.
| Year of Assessment 2013 onwards | |||
|---|---|---|---|
| Chargeable Income | Rate (%) | Gross Tax Payable ($) | |
| On the first On the next |
20,000 10,000 |
0 2 |
0 200 |
| On the first On the next |
30,000 10,000 |
– 3.5 |
200 350 |
| On the first On the next |
40,000 40,000 |
– 7 |
550 2,800 |
| On the first On the next On the next |
80,000 40,000 40,000 |
– 11.5 15 |
3,350 4,600 6,000 |
| On the first On the next On the next |
160,000 40,000 120,000 |
– 17 18 |
13,950 6,800 21,600 |
| On the first In excess of |
320,000 320,000 |
– 20 |
42,350 |
Posted in: Personal Tax FAQs
