Enter your income, then click Calculate.
Result
| Item | Amount |
|---|
What it does, and what it leaves to you
- Covers: the resident income tax bands from 0% to 24%, earned income relief by age, a total for any other reliefs you enter (capped at S$80,000), and flags for MediSave, Form B filing and GST registration.
- Not decided: non-residents, MediSave amounts, spouse and child reliefs, other income, partnership shares, trade losses, GST amounts, and how IRAS treats a particular expense. IRAS or your accountant decide these.
Common questions
How much of my freelance income should I set aside for tax in Singapore?
It depends on profit: the first S$20,000 of chargeable income is untaxed and rates climb from 2% to 24%, so a freelancer on S$90,000 profit sets aside roughly 5% of profit while one on S$250,000 sets aside far more. Enter your income and expenses for a number built from the actual IRAS bands.
Is there provisional tax in Singapore?
No. IRAS taxes income earned in a calendar year in the next Year of Assessment: file Form B by 18 April, receive a Notice of Assessment, then usually pay by GIRO instalments over up to 12 months. Keep the money aside until then.
Do freelancers pay CPF?
Self-employed people do not have to make CPF Ordinary Account contributions, but those with net trade income above S$6,000 must contribute to MediSave. This tool flags it but does not calculate it.
When must I register for GST?
When taxable turnover exceeds S$1 million in a calendar year or is expected to in the next 12 months. GST you collect belongs to IRAS, so keep it out of your set-aside.
Is my data uploaded anywhere?
No. Everything is calculated in your browser and nothing is sent.