Singapore Income Tax Calculator 2026 (Resident)

Calculate your Singapore personal income tax instantly — enter your employment income, CPF contributions and personal reliefs for a real-time YA 2026 estimate in SGD.

Understanding Singapore Personal Income Tax for Residents

Singapore’s personal income tax system is one of the most investor-friendly in the world. The country imposes no tax on capital gains, dividends, or interest income for individuals — meaning your S-REIT distributions, stock dividends, savings interest, and investment profits are all received tax-free. The tax you pay is purely on employment and self-employment income, rental income, and a small number of other income sources defined under the Singapore Income Tax Act. This calculator uses the YA 2026 (Year of Assessment 2026, covering income earned in 2025) resident tax rate schedule published by the Inland Revenue Authority of Singapore (IRAS) to estimate your personal income tax liability before you file your annual tax return at myTax Portal.

Singapore’s resident personal income tax rates are progressive, ranging from 0% on the first S$20,000 of chargeable income to 24% on income above S$1,000,000. Most working Singaporeans earning S$50,000–S$150,000 annually pay an effective rate of between 1.5% and 8%, far lower than comparable rates in the United Kingdom, Australia, or the United States. This low tax environment, combined with the CPF system and the absence of capital gains tax, makes Singapore one of the most attractive countries in the world for long-term investors accumulating wealth through dividend income and S-REIT portfolios.

Not tax advice. This calculator provides an educational estimate only. Tax liability depends on individual circumstances, IRAS assessment, and reliefs/rebates that may not be captured here. For your official assessment, file via myTax Portal at mytax.iras.gov.sg.

What Income Is Taxable in Singapore?

Singapore taxes the following income types for residents: employment income (salary, bonus, allowances, stock options, and benefits-in-kind), self-employment or trade income, rental income from Singapore properties, and certain other income streams including royalties and pension payments under specific circumstances. Singapore does not tax: capital gains from the disposal of assets (including property sold at a profit), dividends received from Singapore-incorporated companies, S-REIT distributions, interest income (including CPF interest, bank interest, and bond coupon payments), and foreign-sourced income not remitted to Singapore by most individuals. This comprehensive exemption from investment-related taxes is why Singapore is so attractive as a base for dividend investors and REIT investors.

What Are Personal Income Tax Reliefs in Singapore?

Personal income tax reliefs directly reduce your chargeable income — the income on which your tax is calculated. The most significant relief for most employed Singaporeans is the mandatory CPF employee contribution, which is deducted dollar-for-dollar from taxable income. Additional reliefs include the SRS (Supplementary Retirement Scheme) top-up relief (up to S$15,300 per year), parent relief, spouse relief, child relief, NSman (National Serviceman) relief, course fees relief (up to S$5,500 per year), and life insurance relief. Total personal income tax reliefs are capped at S$80,000 per year of assessment. All employed residents also receive an automatic earned-income relief of S$1,000 (this calculator includes it automatically). Relief caps and conditions change periodically — always verify current values at IRAS.gov.sg.

How to Use This Singapore Income Tax Calculator

1. Enter your annual employment income: Input your total annual salary, including bonuses, commissions, and allowances subject to CPF contribution. If you are self-employed, enter your net trade income (after deducting allowable business expenses).
2. Enter your CPF employee contributions: Singapore employees contribute 20% of their gross monthly salary to CPF if they are below 55 and earn above S$750/month (reduced rates apply for older workers and those earning between S$500–S$750). Your CPF employee share is deductible from taxable income. If unsure, use 20% of your annual employment income as a starting estimate.
3. Enter other personal reliefs: Add any additional reliefs you are eligible for — SRS top-up (up to S$15,300), parent relief (up to S$9,000 per parent), child relief (S$4,000 per child), NSman relief (S$3,000 for active, S$1,500 for others), or course fees relief (up to S$5,500). Note that total reliefs are capped at S$80,000.
4. Read your tax estimate: The calculator instantly shows your chargeable income, estimated tax payable for YA 2026, your effective tax rate on gross income, and your marginal tax rate (the rate applying to each additional dollar you earn).

To see how SRS top-ups can reduce your tax bill, use our SRS Tax Savings Calculator. For retirement income planning after tax, use our Retirement Planning Calculator.

Singapore Income Tax Rates 2026 — The Full Band Table

Singapore uses a progressive tax system where each band of income is taxed at a specific rate. Only the portion of your income falling within each band is taxed at that band’s rate — it is not a flat rate on your total income. The rates below apply to Singapore tax residents for Year of Assessment 2026.

A Singapore resident earning a S$120,000 gross salary with S$24,000 in CPF contributions and S$1,000 earned-income relief has a chargeable income of S$95,000, resulting in approximately S$5,893 in tax — an effective rate of under 5% on gross income. This demonstrates why Singapore is regarded as a low-tax environment for middle-income earners.

Why Singapore Doesn’t Tax Investment Income

Singapore’s decision not to impose capital gains tax or dividend withholding tax on individuals has profound implications for investors. Under Section 13(1)(z) of the Singapore Income Tax Act, dividends paid by Singapore-incorporated companies out of one-tier (exempt) dividends are not taxable in the hands of shareholders. All SGX-listed company dividends (including S-REIT distributions) are paid as one-tier exempt dividends. This means a Singapore investor receiving S$50,000 a year in S-REIT distributions pays zero income tax on that amount — regardless of their total income.

Similarly, there is no capital gains tax on gains made from selling shares, property (in most circumstances), or other investments. Singapore’s capital gains exemption is the result of a deliberate policy choice to attract long-term investment capital and to avoid the complexity and compliance costs of a capital gains regime. MAS and IRAS have both stated that the exemption is a core feature of Singapore’s tax framework. As a result, every dollar of investment return — whether from S-REIT DPU, stock dividends, or portfolio appreciation — compounds tax-free in a Singapore investor’s hands. This is one of the most powerful structural advantages available to Singapore-based investors compared to their peers in most other developed economies.

How to Legally Reduce Your Singapore Income Tax

While Singapore’s tax rates are already low, several legitimate strategies can reduce your tax liability further. The most impactful for investors are SRS top-ups and CPF voluntary top-ups (MA top-up and SA top-up under the RSTU scheme). An SRS top-up of S$15,300 reduces your chargeable income by S$15,300 — saving a taxpayer in the 11.5% band approximately S$1,759.50 in tax each year. Over a working career of 30 years, this difference can compound to a substantial sum. CPF SA/MA voluntary top-ups provide similar relief, though withdrawals are restricted compared to SRS funds. Other reliefs such as course fees (up to S$5,500), parent relief (up to S$9,000 per parent), and donations (250% deduction for qualifying charities) also provide meaningful reductions for those who qualify.

The most important thing to understand about Singapore tax planning is that the best strategies are also the simplest: maximise SRS contributions early (funds grow tax-free inside SRS until retirement), use CPF top-ups strategically to build SA/RA balances earning 4–5%, and keep investment income in Singapore-dollar instruments rather than foreign-sourced income (which may be taxable if remitted). Use our SRS Tax Savings Calculator to model the exact tax saving from different SRS top-up amounts at your marginal rate.

SRS and Income Tax: The Investor’s Best Tax Tool in Singapore

The Supplementary Retirement Scheme (SRS) is the most powerful tax-reduction tool available to Singapore investors. An SRS account allows Singapore Citizens and Permanent Residents to top up up to S$15,300 per year (S$35,700 for foreigners), with every dollar top-up reducing chargeable income dollar-for-dollar. Funds inside SRS grow entirely tax-free — you can invest them in unit trusts, ETFs, SGX-listed S-REITs, endowment policies, or Singapore Savings Bonds. When you withdraw from SRS at statutory retirement age (currently 63), only 50% of each withdrawal is included in your chargeable income, and withdrawals are spread over 10 years, meaning most retirees pay zero or minimal tax on their SRS savings. A 30-year old who tops up S$15,300 to SRS every year, invests it in S-REITs earning 6%, and withdraws at 63 could accumulate over S$1.8 million in their SRS account — all tax-free growth, with minimal tax on withdrawal.

The combination of SRS top-ups, CPF voluntary contributions, and the zero-tax status of investment income makes Singapore one of the most tax-efficient wealth-accumulation environments in the world. Many Singapore investors in the 11.5%–15% marginal tax brackets find that after claiming CPF and SRS reliefs, they pay less than 3% effective tax on their gross employment income.

CPF and Income Tax: How Mandatory Contributions Reduce Your Bill

Every employed Singapore Citizen and Permanent Resident contributes a mandatory percentage of their salary to CPF. For employees below age 55 earning above S$750 per month, the employee CPF contribution rate is 20% of gross monthly salary (capped at the ordinary wage ceiling of S$8,000 per month from January 2026, or S$7,400 in 2025). This mandatory CPF contribution is deductible from your taxable income, providing an automatic tax relief that most Singaporeans do not consciously think of as a relief.

For a Singaporean earning S$100,000 annually in 2025, the employee CPF contribution (20% of S$7,400 × 12 months = S$17,760) reduces chargeable income from S$100,000 to approximately S$81,240 (after earned-income relief). This alone saves approximately S$2,040 in tax compared to not having CPF. While CPF money is locked until retirement age (55 for withdrawal, with conditions), it earns guaranteed 2.5–5% risk-free interest inside the CPF system — making it an excellent long-term savings vehicle regardless of its tax benefits. See our CPF OA/SA Allocation Calculator for a detailed breakdown of how your CPF is split between Ordinary, Special, and MediSave accounts.

Shifting from Salary to Passive Income: The Tax Math in Singapore

One of the most compelling reasons for Singapore investors to build a passive income portfolio is the tax asymmetry between employment income and investment income. A Singapore professional earning S$200,000 in salary faces a marginal tax rate of 18–19%, paying approximately S$22,000 in income tax after standard reliefs. If the same professional replaces S$50,000 of that salary with S-REIT distributions (by building a S$1 million S-REIT portfolio at 5% yield), the S$50,000 in REIT income is completely tax-free, while the S$150,000 salary is taxed at a lower effective rate (since total chargeable income has fallen). The combination reduces both total income tax and dependence on employment income.

This is the core mathematical argument for building a Singapore dividend portfolio early. A S$1 million S-REIT portfolio generating 5.5% yield (S$55,000 per year) effectively functions as a tax-free salary that requires no CPF contribution, no income tax filing, and no time commitment beyond annual DPU reinvestment decisions. See our Dividend Portfolio Yield Calculator to model how much capital you need to replace your current salary with passive income. Read the Passive Income Singapore 2026 guide for a complete walkthrough of this strategy.

Frequently Asked Questions

Keep More of What You Earn — Then Invest It Tax-Free

Singapore’s zero tax on dividends means every dollar you invest in S-REITs compounds faster. Use our free tools to plan your tax savings and build your passive income portfolio.