1. What is Singapore Salary Calculation?

The Singapore salary calculation determines your take-home pay by deducting CPF contributions and income tax from your gross salary. This calculator provides accurate estimates based on current CPF rates and tax brackets.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Salary — Your total annual salary before deductions
• CPF — 20% employee contribution to Central Provident Fund
• Income Tax — Progressive tax rates for residents (0-22%) or 15% flat rate for non-residents

3. Understanding CPF Contributions

Details: The Central Provident Fund (CPF) is Singapore's comprehensive social security system. Employees contribute 20% of their wages, while employers contribute 17% (not included in this calculation).

4. Singapore Income Tax Explained

Resident Rates: Progressive tax from 0% to 22% based on chargeable income after CPF deductions and reliefs.
Non-Resident Rates: 15% flat rate or resident rates, whichever gives higher tax.

5. Frequently Asked Questions (FAQ)

Q1: Are CPF contributions tax-deductible?
A: Yes, employee CPF contributions are deducted before tax calculation.

Q2: What's the CPF annual limit?
A: The Ordinary Wage ceiling is SGD 6,000/month (SGD 72,000/year) for 2023.

Q3: Are there other tax reliefs available?
A: Yes, there are various reliefs (parent relief, course fees, etc.) not included in this calculator.

Q4: How often is CPF deducted?
A: CPF is deducted monthly from your salary.

Q5: When is income tax due in Singapore?
A: Taxes are assessed yearly and typically due by April 15th of the following year.