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Take home (net) salary for an expat on EP

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ssahmed2018
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Take home (net) salary for an expat on EP

Postby ssahmed2018 » Sun, 10 Jun 2018 10:01 pm

Hello all,

I am trying to understand how the SG income tax system works, and wanted to get an idea of "take home" (i.e. net) monthly salary for an Expat on an EP assuming that the Employment Income is SGD 120,000 per annum.

Thanks.


ssahmed2018
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Re: Take home (net) salary for an expat on EP

Postby ssahmed2018 » Mon, 11 Jun 2018 3:19 am

Strong Eagle wrote:https://www.iras.gov.sg/irashome/Individuals/Locals/Working-Out-Your-Taxes/Income-Tax-Rates/


Thank you!

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PNGMK
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Re: Take home (net) salary for an expat on EP

Postby PNGMK » Mon, 11 Jun 2018 10:31 am

ssahmed2018 wrote:Hello all,

I am trying to understand how the SG income tax system works, and wanted to get an idea of "take home" (i.e. net) monthly salary for an Expat on an EP assuming that the Employment Income is SGD 120,000 per annum.

Thanks.


Your take home is 100%. But every year you need to pay a lump sum for the income tax bill. In your case ~10% of your gross income.
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