Calculate your estimated monthly take-home pay after CPF contributions and view your estimated annual income tax in Singapore.
| Breakdown | Amount |
|---|---|
| Annual Gross Income | S$0.00 |
| Annual Employee CPF | S$0.00 |
| Estimated Annual Taxable Income | S$0.00 |
| Estimated Monthly Tax | S$0.00 |
| Estimated Monthly Take-Home After CPF & Tax | S$0.00 |
This calculator estimates your take-home salary by deducting employee CPF contributions from your gross monthly salary. It also provides a simple annual income tax estimate based on Singapore resident individual income tax brackets.
For Singapore Citizens and Singapore Permanent Residents from the third year onwards, the CPF employee contribution rate for employees aged 55 and below is 20% for monthly wages above S$750. CPF contribution rates are different for older employees.
CPF stands for Central Provident Fund. It is a compulsory savings scheme for Singapore Citizens and Permanent Residents. Employees contribute part of their salary to CPF, while employers also contribute an additional amount.
CPF contributions help fund retirement, healthcare and housing needs. For employees, CPF reduces monthly cash take-home pay, but the money goes into CPF accounts.
If your monthly gross salary is S$5,000 and your employee CPF rate is 20%, your estimated employee CPF contribution is S$1,000. Your estimated monthly take-home pay before income tax would be S$4,000.
Yes. Employee CPF is deducted from your monthly gross salary if you are eligible to contribute CPF.
Foreign employees on work passes generally do not contribute CPF. CPF mainly applies to Singapore Citizens and Singapore Permanent Residents.
For most employees, Singapore income tax is assessed annually by IRAS instead of being deducted every month like payroll tax in some other countries.
This first version focuses on monthly salary. Bonus and annual wage supplement can be added in a future version.