Employment Income
S$
Employment Income
Put in your gross employment income with all the bonuses, allowances and benefits.
Less: Employment Expenses
S$
Employment Expense
Put in your employment expenses.
Net Employment Income
S$
Net Employment Income
Calculated as Employment Income – Employment Expense.
Other Incomes +
Trade, Business, Profession or Vocation
S$
Trade Income
Income generated from trade, profession, business or vocation over the past year
Dividends
S$
Dividends
Dividends received over the past year
Interest
S$
Interest
Interest income received over the past year (excluding any interest received from deposits to approved banks or licensed finance companies in Singapore)
Rental Income Property
S$
Rent from Property
Net rent from property over the past year
Royalty, Charge, Estate/Trust Income
S$
Royalty
Income received from royalty, charge or estate, or trust income over the past year.
Gains or Profits of an Income nature
S$
Gains or Profits
Profits you have received over the past year including any income that does not fall under the above-mentioned income classifications.
Less: Approved Donations
S$
Approved Donations
Donations made to approved Institution of Public Character (IPC) over the past year.
Assessable Income:
S$
Assessable Income
Net Employment Income + Other Income – Approved Donations
LESS: PERSONAL RELIEFS +
Earned Income Relief
Earned Income Relief
Put in the lower of your earned income or the following values:
-$1,000(if your are aged below 55)
-$6,000(55 to 59)
-$8,000(60 and above)
For handicapped individuals, the maximum earned income relief will be:
-$4,000(if you are aged below 55)
-$10,000(55 to 59)
-$12,000(60 and above)
Spouse/Handicapped Spouse Relief
S$
Spouse/Handicapped Spouse Relief
For spouse relief, put in $2,000 and for handicapped spouse relief, key in $3500. Individuals may only be eligible for spouse relief if the income of their spouse over the past year does not exceed $4,000.
For divorced and legally separate individuals who paid alimony or maintenance to your ex-spouse or handicapped ex-spouse during the previous year, then you are eligible to claim the paid alimony or maintenance amount. Both are subjected to a maximum of $2,000 or $3,500 respectively.
Qualifying/Handicapped Child Relief
S$
Qualifying Child Relief (QCR)
Put in $4,000 for each child.
Handicapped child relief(HCR)
Put in $5,500 for each handicapped child.
Working Mother’s Child Relief
S$
Working Mother’s Child Relief (WMCR)
Put in the following amount:
First child – 15% of the income earned by mother
Second child – 20% of the income earned by mother
Third and each subsequent child – 25% of the income earned by mother
Cumulative WMCR percentages capped at 100% of the mother’s earned income. Total claimable child relief capped at $50,000 for each child.
Parent/Handicapped Parent Relief
Parent/Handicapped Parent Relief
Parent relief or handicapped parent relief can be claimed for up to two (2) dependants. The sum of relief for every dependant are:
If the parent stays with you: Parent relief $7,000 Handicapped parent relief $11,000
If the parent doesn’t stay with you: Parent relief $4,500 Handicapped parent relief $8,000
Grandparent Caregiver Relief
S$
For Grandparent Caregiver Relief
Put in $3,000 if you are entitled to this relief
Handicapped Sibling Relief
S$
Handicapped Sibling Relief
Put in $3,000 if you are entitled to this relief
CPF/Provident Fund Relief
S$
CPF/Provident Fund Relief
Put in the total amount of your allowable CPF contribution
Life Insurance Relief
S$
Life Insurance Relief
Life insurance relief of up to $5,000 in case you don’t have any CPF contribution. Else, you can claim the difference between the $5,000 cap and your CPF contribution
Course Fees Relief
S$
Course Fees Relief
Qualified people can simply put in the total amount spent on a course. This relief is capped at $5,500 a year.
Foreign Maid Levy Relief
S$
Foreign Maid Levy Relief
Put in twice the amount of foreign domestic worker levy paid over the past year. Note that the amount is subjected to the following relief cap:
With Concessionary Foreign Maid Levy ($170 per month) $3,080
Without Concessionary Foreign Maid Levy ($265 per month) $6,360
CPF Cash Top-Up Relief
S$
CPF/Provident Fund Relief
Key in your total allowable Central Provident Fund (CPF) contribution. Keep in mind that CPF capping rules apply with $17,000 as the maximum range.
Supplementary Retirement Scheme Relief
S$
Supplementary Retirement Scheme Relief
Put in the total amount of contributions that you or your employer has contributed over the past year. Singaporeans and Singapore Permanent residents are subjected to a $11,475 cap while foreigners are subjected to a higher $26,775 cap.
NSman Relief
S$
NSman Relief
For National Serviceman (NSman) (self) relief:
Category of NSman: Non-KAH Individuals without in-camp training over the past year: $1,500.
For individuals who attended in-camp training over the past year: $3,000.
Category of NSman: KAH
Individuals without in-camp training over the past year: $3,500.
For individuals who attended in-camp training over the past year: $5,000.
If your son(s) or your husband is a NSman, key in $750.
Chargeable Income:
Your Tax Payable is $550 on first $40,000 + 7% on next $40,000
Tax Payable on Chargeable Income
S$
Less: Parenthood Tax Rebate
S$
Parenthood Tax Rebate
First child – $5,000
Second child – $10,000
Third and every subsequent child – $20,000
Net Tax Payable:
S$