Estimate resident income tax on your annual chargeable income using progressive rates (YA2024 onwards). The first S$20,000 is tax-free.
Singapore taxes residents on a progressive scale. The first S$20,000 of chargeable income is taxed at 0%, then each band above is taxed at a higher marginal rate, rising to 24% on income above S$1,000,000. Because only the income within each band is taxed at that band's rate, your effective rate is always lower than your top marginal rate.
This estimate is calculated on chargeable income — that is, after deducting reliefs. Singapore has no capital gains tax and no inheritance tax, so gains from selling shares or property are generally not taxable. For YA2026 (income earned in 2025), IRAS grants a Personal Income Tax Rebate of 60% of tax payable, capped at S$200, applied automatically.