Singapore Income Tax Rates and Brackets 2026: Complete Guide
Quick Answer
Singapore uses progressive personal income tax for residents, ranging from 0% on the first SGD 20,000 of chargeable income up to 24% on income above SGD 1 million. Common reliefs like CPF, Earned Income Relief, and SRS reduce your chargeable income, so an employee aged 55 and below on SGD 60,000 to SGD 80,000 who claims only CPF and Earned Income Relief pays an effective rate of about 1.7% to 2.7%.
Rates as of 2026. Verify with official sources before acting.
Singapore's 2026 income tax rates are progressive, running from 0% on the first SGD 20,000 of chargeable income up to 24% on income above SGD 1,000,000. This page is a quick-reference table for Singapore's 2026 income tax rate schedule. It covers all 13 brackets in the full rate table, a worked calculation showing exactly how progressive tax is applied at a mid-income salary, and a regional comparison against Malaysia, Thailand, Philippines, and Hong Kong. For a plain-English explanation of why effective rates are much lower than headline rates and which reliefs most employees can claim, see the Singapore Income Tax Guide 2026. To run your own numbers instantly, use the Singapore income tax calculator.
Singapore has one of the most competitive personal income tax regimes in Asia. The progressive system means higher earners pay higher rates, but only on income above each bracket threshold, and the wide range of available reliefs means your effective tax rate is often significantly lower than the headline rate for your income level.
This reference covers all 13 tax brackets for Year of Assessment (YA) 2026, a full breakdown of reliefs, and a worked example. Use the Singapore income tax calculator to run your own numbers instantly. These 13 brackets match the official IRAS individual income tax rates, which IRAS labels as applying from YA 2024 onwards.
How Does Singapore's Progressive Tax System Work?
Progressive taxation means you only pay the higher rate on income above each bracket threshold. If your chargeable income is SGD 50,000, you pay 0% on the first SGD 20,000, 2% on the next SGD 10,000 (SGD 200), and 3.5% on the next SGD 10,000 (SGD 350), and 7% on the final SGD 10,000 (SGD 700). You do not pay 7% on your entire SGD 50,000.
The key figure is your chargeable income, which is your total income minus CPF contributions and applicable reliefs.
Singapore Income Tax Brackets for YA 2026
| Chargeable Income | Tax Rate | Gross Tax Payable |
|---|---|---|
| First SGD 20,000 | 0% | SGD 0 |
| Next SGD 10,000 (up to SGD 30,000) | 2% | SGD 200 |
| Next SGD 10,000 (up to SGD 40,000) | 3.5% | SGD 350 |
| Next SGD 40,000 (up to SGD 80,000) | 7% | SGD 2,800 |
| Next SGD 40,000 (up to SGD 120,000) | 11.5% | SGD 4,600 |
| Next SGD 40,000 (up to SGD 160,000) | 15% | SGD 6,000 |
| Next SGD 40,000 (up to SGD 200,000) | 18% | SGD 7,200 |
| Next SGD 40,000 (up to SGD 240,000) | 19% | SGD 7,600 |
| Next SGD 40,000 (up to SGD 280,000) | 19.5% | SGD 7,800 |
| Next SGD 40,000 (up to SGD 320,000) | 20% | SGD 8,000 |
| Next SGD 180,000 (up to SGD 500,000) | 22% | SGD 39,600 |
| Next SGD 500,000 (up to SGD 1,000,000) | 23% | SGD 115,000 |
| Above SGD 1,000,000 | 24% | 24% on the excess |
Which Tax Reliefs Reduce Your Chargeable Income?
IRAS provides a range of reliefs that reduce the income you pay tax on. These are not deducted from your tax bill; they are deducted from your income before the tax brackets are applied.
- CPF employee contributions: The full amount you contribute to CPF from your salary is deducted automatically. For an employee aged 55 and below earning SGD 6,000 per month, this is SGD 1,200 per month, or SGD 14,400 per year.
- Earned Income Relief: SGD 1,000 if you are below 55, SGD 6,000 if aged 55 to 59, SGD 8,000 if aged 60 and above.
- NSman Relief: SGD 1,500 if you did not perform NS activities in the preceding work year or SGD 3,000 if you did. NS key command and staff appointment holders get SGD 3,500 or SGD 5,000. Wives and parents of NSmen may claim SGD 750.
- Course Fees Relief: Lapsed from YA 2026. IRAS says YA 2025 was the last year it could be claimed.
- Parent Relief: SGD 9,000 per dependant if you stay with them, SGD 5,500 if you do not, for up to 2 dependants. Parent Relief (Disability) is SGD 14,000 or SGD 10,000.
- SRS contributions: Contributions to your Supplementary Retirement Scheme account are fully deductible, up to SGD 15,300 per year for Singapore Citizens and PRs, or SGD 35,700 for foreigners.
- CPF Cash Top-Up Relief: Cash top-ups to your own Special, Retirement or MediSave Account, and to those of eligible family members, qualify for up to SGD 8,000 in relief each. Top-ups that attract Matched Retirement Savings Scheme grants do not qualify.
The total amount of personal reliefs you can claim is capped at SGD 80,000 per Year of Assessment. For a full breakdown of every available relief, see the IRAS tax reliefs page or use the Singapore income tax calculator, which includes the most common reliefs.
Worked Example
Example: SGD 72,000 Annual Salary
- Gross annual salary: SGD 72,000
- Less CPF employee contributions (20%): SGD 14,400
- Less Earned Income Relief: SGD 1,000 Chargeable income: SGD 56,600
Tax calculation on SGD 56,600:
- First SGD 20,000 at 0% = SGD 0
- Next SGD 10,000 at 2% = SGD 200
- Next SGD 10,000 at 3.5% = SGD 350
- Remaining SGD 16,600 at 7% = SGD 1,162
- Total tax: SGD 1,712
Effective tax rate: SGD 1,712 / SGD 72,000 = approximately 2.4%
No Personal Income Tax Rebate is deducted here. IRAS lists that rebate for YA 2024 and YA 2025 only.
This example shows why Singapore's effective rates are so low. The combination of CPF deductions, reliefs, and the zero tax on the first SGD 20,000 means the actual percentage of gross income paid as tax is typically much lower than the headline bracket rate.
How Does Singapore Compare Regionally?
| Country | Top Marginal Rate | Official Source |
|---|---|---|
| Singapore | 24% | IRAS, from YA 2024 |
| Malaysia | 30% | LHDN, YA 2023 to YA 2025 |
| Thailand | 35% | Revenue Department |
| Philippines | 35% | BIR, from 1 January 2023 |
| Hong Kong | 17% progressive (standard rate 15%, or 16% above HKD 5 million) | GovHK, 2025/26 |
Malaysia, Thailand and the Philippines all have a higher top rate than Singapore, and Hong Kong has a lower one. Top rates only show the highest slice, so they are not a guide to what a mid-income employee actually pays. This table does not compare effective rates, because they depend on each country's reliefs and we could not verify a like-for-like figure from official sources.
Calculate your exact tax. Enter your annual income and reliefs into the Singapore income tax calculator to see your estimated tax payable and effective rate for YA 2026.
What Else Do People Ask?
What is the income tax rate in Singapore for 2026?
Singapore uses a progressive tax system. The first SGD 20,000 of chargeable income is taxed at 0%. Rates rise through 13 bands up to 24% on income above SGD 1,000,000. On YA 2026 rates, an employee aged 55 and below earning SGD 60,000 to SGD 80,000 who claims only CPF Relief and Earned Income Relief pays an effective rate of about 1.7% to 2.7%.
What reliefs can I claim to reduce my Singapore income tax?
Common reliefs include CPF Relief on employee contributions, Earned Income Relief (SGD 1,000 below age 55), NSman Relief, Parent Relief, and SRS Relief (up to SGD 15,300 for Singapore Citizens and PRs, or SGD 35,700 for foreigners). Course Fees Relief lapsed from YA 2026. Total reliefs are capped at SGD 80,000 per Year of Assessment.
How do I calculate my Singapore income tax?
Start with your total employment income. Deduct your employee CPF contributions and any applicable reliefs. The remaining amount is your chargeable income. Apply the progressive tax brackets to that figure to calculate your tax. Use AsiaCalc's Singapore Income Tax Calculator for an instant estimate.