May 20, 2007

Income tax calculator

Salary in Singapore said:

Even though the maximum individual tax rate is 20%, most of us will be charged at a (much) lower rate due to the progressive tax structure. For example, if your chargeable income is $100k, your tax rate is only 7.1%. The graph below shows effective tax rate against chargeable income...

Recommended by Anonymous Coward: "IRAS website should have provided such a calculator. (Maybe I couldn't find it there.)"

Link

Submitted by Anonymous Coward on May 19//10:27pm and published by jseng, tinkertailor :: 6184 reads | trackback
Comments 1

IRAS provides an Excel template to calculate the tax

Note: Chargable income is net income after employee CPF contribution

http://www.iras.gov.sg/ESVPortal/resources/workingsheet_ya2007.zip

Posted by Anonymous Coward* on 21 May, 2007 - 2:27pm