On an annual income of S$80,000, a Singapore resident keeps about S$61,970 after income tax and the 20% employee CPF contribution — an effective deduction of about 22.5%. Enter your own income below.
How Singapore income tax works in 2026
Singapore uses progressive resident tax rates from 0% on the first S$20,000 of chargeable income up to 24% above S$1,000,000 (Year of Assessment 2026). Income tax itself is low — for most workers the bigger deduction is the 20% employee CPF contribution, which funds your own retirement, housing and healthcare accounts. CPF contributions also reduce your chargeable income.
2026 resident income tax rates
| Chargeable income | Rate |
|---|---|
| First S$20,000 | 0% |
| S$20,001 – 30,000 | 2% |
| S$30,001 – 40,000 | 3.5% |
| S$40,001 – 80,000 | 7% |
| S$80,001 – 120,000 | 11.5% |
| S$120,001 – 160,000 | 15% |
| S$160,001 – 200,000 | 18% |
| S$200,001 – 320,000 | 19% – 20% |
| S$320,001 – 1,000,000 | 22% – 23% |
| Above S$1,000,000 | 24% |
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Frequently asked questions
How much income tax do I pay in Singapore?
Residents pay 0% on the first S$20,000 of chargeable income, rising to 24% above S$1,000,000 (YA2026). Income tax is low; the larger deduction is usually the 20% employee CPF contribution.
What is CPF and how much is deducted?
CPF is Singapore's mandatory retirement savings scheme. Employees aged 55 and below contribute 20% of Ordinary Wages up to the $8,000/month ceiling; the employer adds 17%. The employee 20% reduces take-home pay but qualifies for tax relief.
Is this accurate for 2026?
It uses IRAS resident rates for YA2026 and 2026 CPF rates, applies CPF relief and the YA2026 rebate (60%, capped S$200). It's a simplified estimate and excludes other personal reliefs (spouse, child, SRS), which would lower tax further.
Does Singapore tax capital gains or foreign income?
Generally no — Singapore does not tax capital gains, and most foreign-sourced income received by individuals is not taxable. This tool covers employment income at resident rates.
Estimates for guidance only, not tax advice. Confirm with IRAS or a qualified adviser.