The individual income tax ranges from 0% to 22%. Income tax is calculated according to progressive rates. Multiple additional factors may impact overall rates such as the household status and the number of children.
Gross Annual Income | Tax Rate (%) |
---|---|
Up to SGD - 20,000 | 0 |
Up to SGD - 30,000 | 2 |
Up to SGD - 40,000 | 3.5 |
Up to SGD - 80,000 | 7 |
Up to SGD - 120,000 | 11.5 |
Up to SGD - 160,000 | 15 |
Up to SGD - 200,000 | 18 |
Up to SGD - 240,000 | 19 |
Up to SGD - 280,000 | 19.5 |
Up to SGD - 320,000 | 20 |
Over SGD - 320,000 | 22 |
Employer cost is generally 17.25% of employee salary
*Please note that 17% is the maximum contribution rate and the amount varies based on the employee's citizen status, age, and salary. The maximum salary for the calculation of this contribution is SGD 6,300.
Standard working hours are Up to 9 hours per day or 44 hours a week. The standard workweek is from Monday to Friday.
Overtime payment is not mandatory and is assumed included in employee salary.