Singapore Income Tax Calculator 2023
Year of Assessment 2023 | Progressive Tax Slabs
Introduction
🎯 What
Singapore Income Tax Calculator 2023 estimates personal income tax payable based on progressive resident tax slabs, deductions, and personal reliefs for Year of Assessment 2023.
👥 Who
Salaried employees, Self-employed individuals, Freelancers & consultants, Residents and non-residents working in Singapore.
💡 Why
To estimate annual income tax liability, plan finances, and understand how Singapore's progressive tax system works for YA 2023.
💰 Income & Details
Affects tax rates and reliefs
📋 Personal Reliefs
Employee CPF portion (deductible)
Total reliefs capped at SGD 80,000
🇸🇬 Tax Summary
Enter your details and calculate
Detailed Tax Breakdown
Singapore Income Tax 2023 (YA2023)
Tax Brackets (Residents)
| Chargeable Income (SGD) | Rate |
|---|---|
| 0 – 20,000 | 0% |
| 20,001 – 30,000 | 2% |
| 30,001 – 40,000 | 3.5% |
| 40,001 – 80,000 | 7% |
| 80,001 – 120,000 | 11.5% |
| 120,001 – 160,000 | 15% |
| 160,001 – 200,000 | 18% |
| 200,001 – 240,000 | 19% |
| 240,001 – 280,000 | 19.5% |
| 280,001 – 320,000 | 20% |
| Above 320,000 | 22% |
Common Reliefs
Relief Cap
Calculation Examples
Example 1: Annual Income S$30,000
Income: SGD 30,000
Reliefs: SGD 0
Chargeable Income = 30,000
Tax: First 20,000 → 0%
Next 10,000 → 2% = 200
Total Tax = SGD 200
Example 2: Annual Income S$80,000
Income: SGD 80,000
Reliefs: SGD 10,000
Chargeable Income = 70,000
Tax: First 20,000 → 0
Next 10,000 → 2% = 200
Next 10,000 → 3.5% = 350
Remaining 30,000 → 7% = 2,100
Total Tax = SGD 2,650
Example 3: Annual Income S$150,000
Income: SGD 150,000
Reliefs: SGD 20,000
Chargeable Income = 130,000
Progressive calculation through slabs
Total Tax ≈ SGD 10,850
Frequently Asked Questions
Q: Who is a tax resident in Singapore?
A: Singapore citizens, PRs, or foreigners who stayed/worked in Singapore for at least 183 days in the year preceding the YA.
Q: Is CPF taxable?
A: No, CPF contributions by the employee are tax-deductible, not taxable.
Q: Are bonuses taxable?
A: Yes, employment bonuses and AWS are part of taxable income.
Q: When is income tax paid?
A: Tax is paid after filing (due 15 Apr for e-filing), either in full or via monthly installments.
Q: Can reliefs reduce tax to zero?
A: Yes, if total reliefs and deductions exceed your income, chargeable income becomes zero.
Disclaimer: This Singapore Income Tax Calculator 2023 is for informational and Google AdSense content purposes only. Rates and reliefs are based on IRAS rules for Year of Assessment 2023. Actual tax liability may vary based on individual circumstances, specific reliefs, and IRAS assessments. ANTIGRAVITY does not provide legal, tax, or financial advice. For official advice, consult with a registered tax professional or visit IRAS.