Singapore Expats Forum
 

how to calculate gross salary

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
Post Reply
keisuke
Newbie
Newbie
Posts: 3
Joined: Mon, 07 Dec 2020 3:22 pm

how to calculate gross salary

Post by keisuke » Fri, 29 Jan 2021 10:57 am

Hi,

When applying for PR, they require Base Salary and Gross Salary.
My total compensation includes:
1. Base Salary
2. Bonus
3. Restricted Stock Unit (which was granted once and vested 1/16 every quarter)
4. Other allowances such as transport, wellness

My question is, which one can be counted as Gross Salary? I want to maximize the number to increase the chance.
Thanks

Lisafuller
Chatter
Chatter
Posts: 250
Joined: Sat, 07 Nov 2020 11:45 pm

Re: how to calculate gross salary

Post by Lisafuller » Tue, 16 Feb 2021 10:25 pm

Base salary is just base salary, whereas gross salary includes all monthly and yearly allowances.

mystic_river
Regular
Regular
Posts: 119
Joined: Thu, 28 Mar 2013 2:20 pm

Re: how to calculate gross salary

Post by mystic_river » Wed, 17 Feb 2021 1:27 pm

keisuke wrote:
Fri, 29 Jan 2021 10:57 am
Hi,

When applying for PR, they require Base Salary and Gross Salary.
My total compensation includes:
1. Base Salary
2. Bonus
3. Restricted Stock Unit (which was granted once and vested 1/16 every quarter)
4. Other allowances such as transport, wellness

My question is, which one can be counted as Gross Salary? I want to maximize the number to increase the chance.
Thanks
Just calculate the annual components of 1, 2 and 3 and divide them by 12 to get the monthly gross salary. I presume you also have to submit payslips and ICA will be able to make sense of what the gross salary components are.

I won’t include things like “wellness” in there. Those are more like perks and are probably not taxable anyway. I get handphone allowance and ~2000 flexi dollars (taxable) of sorts per year which I can use on things like wellness but I won’t count that as part of my salary.

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “PR, Citizenship, Passes & Visas for Foreigners”

Who is online

Users browsing this forum: No registered users and 6 guests