How Singapore Income Tax Works
Singapore taxes tax residents on a progressive basis, with rates from 0% on the first $20,000 of chargeable income up to 24% on amounts above $1,000,000. Tax is assessed on a preceding-year basis — income earned in 2025 is assessed in Year of Assessment (YA) 2026. Singapore has no capital gains tax, making it relatively simple compared to many countries — most individuals only need to consider salary, bonuses, and rental income.
🏛️ Resident Tax Rates (YA 2026)
| Chargeable Income | Rate |
|---|---|
| First $20,000 | 0% |
| Next $10,000 ($20,001–$30,000) | 2% |
| Next $10,000 ($30,001–$40,000) | 3.5% |
| Next $40,000 ($40,001–$80,000) | 7% |
| Next $40,000 ($80,001–$120,000) | 11.5% |
| Next $40,000 ($120,001–$160,000) | 15% |
| Next $40,000 ($160,001–$200,000) | 18% |
| Next $40,000 ($200,001–$240,000) | 19% |
| Next $40,000 ($240,001–$280,000) | 19.5% |
| Next $40,000 ($280,001–$320,000) | 20% |
| Next $180,000 ($320,001–$500,000) | 22% |
| Next $500,000 ($500,001–$1,000,000) | 23% |
| Above $1,000,000 | 24% |
📝 Key Personal Reliefs
CPF Relief: Your compulsory employee CPF contribution is fully deductible from chargeable income.
Earned Income Relief: Automatically applied based on age — $1,000 (below 55), $6,000 (55–59), or $8,000 (60 and above).
Other reliefs: Spouse Relief, Qualifying/Handicapped Child Relief, Parent Relief, CPF Cash Top-Up Relief, and several others may apply depending on your circumstances — check the full list on IRAS's website.
🏦 CPF Contributions (2026)
Singapore Citizens and Permanent Residents (from their third year of PR status) must contribute to the Central Provident Fund (CPF), Singapore's mandatory retirement, healthcare, and housing savings scheme. For 2026, employees aged 55 and below contribute 20% of wages, matched by a 17% employer contribution — a combined 37%. Rates step down progressively for older workers. CPF applies to Ordinary Wages up to a monthly ceiling of $8,000, and to total annual wages (Ordinary + Additional) up to $102,000. Foreigners on Employment Passes, S Passes, or Work Permits do not contribute to CPF.
💡 Example Calculation
Scenario: Singapore Citizen, age 35, $80,000 annual income, no additional reliefs.
1. Employee CPF (20%): $80,000 × 20% = $16,000 (CPF Relief)
2. Earned Income Relief (below 55): $1,000
3. Chargeable income: $80,000 − $16,000 − $1,000 = $63,000
4. Income tax: First $20,000 at 0% + next $10,000 at 2% ($200) + next $10,000 at 3.5% ($350) + remaining $23,000 at 7% ($1,610) = $2,160
5. Employer CPF (17%, not deducted from pay): $80,000 × 17% = $13,600
6. Net take-home: $80,000 − $16,000 (CPF) − $2,160 (tax) = $61,840
Note: This is a simplified example. Actual tax may differ based on specific reliefs claimed.
⚠️ Important Notes
- This calculator provides estimates only, based on YA 2026 IRAS resident tax rates.
- It applies CPF Relief and Earned Income Relief automatically but does not model every specific relief (Spouse, Parent, Qualifying Child, CPF Cash Top-Up, etc.) — add these as a lump sum if they apply to you.
- CPF rates for those above 55 are simplified estimates — exact rates vary by specific age band (55–60, 60–65, 65–70, above 70). Check the CPF Board website for your precise rate.
- Occasional one-off Personal Income Tax Rebates announced in the Budget are not included, since these vary year to year.
- For exact figures, use the official IRAS Income Tax Calculator.