Income Tax Calculator 2024 Singapore

Income Tax Calculator 2024 Singapore. It is calculated by dividing the total tax paid by your total taxable income. The income of tax residents undergoes taxation at progressive rates, ranging from 0% to 22%, post the deduction of allowable expenses, donations, and personal reliefs.”.

The highest rate applies to annual taxable income exceeding 1 million sgd. Income tax calculator for tax resident individuals.