Salary Calculator
Make smarter financial decisions for your future
Use your monthly or annual earnings to understand your take home salary, CPF contributions, and income tax for 2025 with our calculator.
$
Tax Breakdown
Salary
$60,000
Income Tax
- $1,950
CPF Contribution
- $12,000
Total Contribution
- $13,950
Net Pay
$46,050
Total Contribution (23.3%)
Net Pay (76.8%)
Gross Income
$60K
Disclaimer:
By entering either your salary (monthly or annual) or total wages and residential status, you can instantly calculate your 2025 take home pay, personal income tax and CPF contribution—helping you make more informed decisions with your money.
Where do you stand?
The median salary of all Singaporeans is $5,500 SGD a month or $66,000 SGD a year. Here is a chart of the number of taxpayers divided by salary ranges. Can you find where you are?
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Frequently Asked Questions
What’s the difference between gross salary and net salary?
Gross salary is the total amount you earn before any deductions. Net salary, also known as take home pay/salary, is what you take home after CPF contributions, taxes, and other mandatory deductions.
What is Singapore’s average salary?
The median salary in Singapore is $5,500 SGD a month or $66,000 SGD a year according to the Statistics Department of Singapore’s Ministry of Manpower.
What is Singapore’s minimum wage?
Singapore doesn’t have a minimum wage. Instead each industry has a different Local Qualifying Wage (LQW). The lowest LQW is $1,600 SGD a month or $19,200 SGD a year.
How much salary is deducted for CPF?
Your CPF contribution is determined by your age and total salary.
| Employe’s age | By employer (% of wage) | By employee (% of wage) | Total (% of wage) |
|---|---|---|---|
| 55 and below | 17 | 20 | 37 |
| Above 55 to 60 | 15.5 | 17 | 32.5 |
| Above 60 to 65 | 12 | 11.5 | 23.5 |
| Above 65 to 70 | 9 | 7.5 | 16.5 |
| Above 70 | 7.5 | 5 | 12.5 |
You can use our salary calculator to calculate your take home pay after CPF deductions.
How are taxes calculated?
In Singapore, taxes for tax residents and non-residents are calculated differently.
| Tax residents | Non-residents |
|---|---|
| Progressive tax rate from 0% to 24% | A flat 15% or the 0 to 24% progressive tax rate, whichever is higher. Non-employment income is taxed at 24%. |
| CPF contributions required | No CPF contributions |
Here is the breakdown of Singapore's progressive tax rates.
| Chargeable Income | Income Tax Rate (%) | Gross Tax Payable ($) |
|---|---|---|
| First $20,000 | - | 0 |
| Next $10,000 | 2 | 200 |
| Next $10,000 | 3.50 | 350 |
| Next $40,000 | 7 | 2,800 |
| Next $40,000 | 11.5 | 4,600 |
| Next $40,000 | 15 | 6,000 |
| Next $40,000 | 18 | 7,200 |
| Next $40,000 | 19 | 7,600 |
| Next $40,000 | 19.5 | 7,800 |
| Next $40,000 | 20 | 8,000 |
| Next $180,000 | 22 | 39,600 |
| Next $500,000 | 23 | 115,000 |
| In excess of $1,000,000 | 24 | 199,150 |
You can use our salary calculator to calculate your income tax.
Does my bonus get taxed?
Yes. Your bonuses are taxed as part of your total annual taxable income while CPF is deducted as a part of additional wages. Additional wages are calculated on a per employer basis and have a ceiling of $102,000 SGD - Total Ordinary Wage subject to CPF for the year.
What is a tax resident?
Tax residents are:
- Citizens or permanent residents who reside in Singapore.
- Foreigners who have lived or worked in Singapore for at least 183 days in the last year or continuously for the last three years (business trips, overseas vacation leave, weekends, and public holidays count toward those 183 days).
- Foreigners who have worked in Singapore over a continuous period spanning two years with a total period of stay of at least 183 days (this doesn't include directors of companies, public entertainers, or independent professionals).
What tax reliefs or rebates can I claim to reduce my income tax?
You may be able to reduce your income tax by claiming reliefs such as CPF contributions, SRS contributions, course fees, and eligible parental, spouse, or dependent support. Making voluntary CPF and SRS contributions can also help lower taxable income. Learn more in our full guide to reducing income tax.