Understanding Personal Tax in Singapore

Personal Income Tax Rates for Residents

The personal income tax system for Tax Residents in Singapore is based on a progressive tax system. This means that a different tax rate is charged progressively as income increases. Simply put, your annual personal income will be divided into different income bands with a progressive tax rate attached to the next band. The highest personal income tax rate is currently fixed at 20% (which is 3% higher than the current headline corporate tax rate).

Systemic Flow of Personal Income Tax Computation

Components of Personal Income Tax Computation
Employment Income This refers to the aggregation of your employment remuneration which can be found in the IR8A given to you by your company.
Income from Your Trade, Vocation or Profession This refers to income from your sole proprietorship business and/or partnership share of profits.
Donations Donations made to approved Institute of Public Characters (IPC) will be automatically reflected in your returns
Reliefs Reliefs are granted depending on your eligibility for each of them. Reliefs available include:

  • Earned Income Relief (EIR)
  • CPF Cash Top-Up
  • Supplementary Retirement Scheme (SRS)
  • NSman Relief (for NSman, wife or parent of NSman)
  • Spouse Relief
  • Handicapped Spouse Relief
  • Child Relief
  • Parent/Handicapped Parent Relief
  • Grandparent Caregiver Relief (GCR)
  • Handicapped Brother/Sister Relief
  • Provident Fund
  • Life Insurance
  • Course Fees
  • Foreign Maid Levy (FML)


Personal Income Tax Filings are done once a year, and are based entirely on income accrued in a full calendar incepting 1 January and ending 31 December, both dates inclusive, for every year.