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I got offer of S$3,070 per month,how much I'll be saving

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S Nitin

I got offer of S$3,070 per month,how much I'll be saving

Post by S Nitin » Wed, 13 Jul 2005 8:38 pm

I am a Software Engineer in India.
I got an offer from Singapure software company of $3070 per month, I am confused whether to join this or not?.
Please let me know what are the estimate of expense there per month and how much I can save in this salary?.......
Is there any tax deducted by the sig. govt on this salary....
What should be the minimum salary to servive as well as saving somthing there.

Thanks in advance
Nitin

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k1w1
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Post by k1w1 » Thu, 14 Jul 2005 8:56 am

You will need to get your company to tell you clearly what your tax obligations are.

In order to tell you what kind of expenses you are likely to incur, we will need details about your lifestyle etc. Do you have kids? Are you single? Will you want to live near the central area? Do you expect to have a car? Do you want to rent a condo?

Costs of living can vary greatly, so tell us what you are hoping to have, and we can tell you if it's realistic or not, and how much you could save.

There is a property section on this website. This is pretty realistic (I think) in terms of accomodation in Singapore. This is likely to be your biggest cost, so it might be a good place to start.

In short, if you are single then you shouldn't have too much problem living off this, but you won't be able to afford a car.

Realistic ?

Post by Realistic ? » Thu, 14 Jul 2005 6:26 pm

Are the rents posted on this site accurate ? If a place is listed at 2000, should I bargain down and if so how much ?

Or are the rents that are posted fixed ?

Guest

Post by Guest » Thu, 14 Jul 2005 6:34 pm

I am 28 years old single guy. I want to know that if I take one separate one room then how much cost it will incur. Also I want to know about general transfortation in singapore. I have heard that Its not very costly.
Suppose after deducting tax if I get 2,500 s$ per month then is it possible to save money there ?

helper

your tax for FY2006

Post by helper » Mon, 18 Jul 2005 5:27 pm

Based on your monthly salary of S$3070 (S$36,840 per annum). You will be taxed S$400 on your first S$30k earned, and 6% of your next S$10k. Therefore, you will pay S$810.40 in taxes for FY2005, or S$67.53 per month. And because you are a citizen of India, you will not get double taxed. If you pay in Singapore, you won't have to pay in India. Hope this helps. FYI, taxes for FY2006 will be slightly lower.

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Post by k1w1 » Tue, 19 Jul 2005 9:39 am

Realistic ? wrote:Are the rents posted on this site accurate ? If a place is listed at 2000, should I bargain down and if so how much ?

Or are the rents that are posted fixed ?
In my opinion, they are pretty realistic. As for bargaining, some friends of ours have just been looking for apartments and have found they could bargain a couple of hundred off an apartment going for $1500 a month. I wouldn't have pushed it that far. I suppose it depends on how much you want the house and how much the landlord is prepared to budge.

Guest

Post by Guest » Fri, 22 Jul 2005 12:05 am

Hi all,

Thank you for the tips on calculating the annual tax - I was wondering if I did it right ;)

Do room rentals in Singapore require deposits from the tenants on PUB stuff too?

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aloof
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Post by aloof » Thu, 25 Aug 2005 2:10 am

Anonymous wrote:Hi all,

Thank you for the tips on calculating the annual tax - I was wondering if I did it right ;)

Do room rentals in Singapore require deposits from the tenants on PUB stuff too?
It depends. Normally, the PUB bills are calculated into the monthly rental fees. Some places, like condos, they will not cover your PUB (utilities) bills.

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Post by riversandlakes » Thu, 25 Aug 2005 9:16 pm

thanks loof. got here already. been working for 4th day.

my room is $280 at around Yishun. okay?
Goatboy will always cherish his former goatgirl.
But the world is full of fluffier ones.

Guest

Post by Guest » Thu, 25 Aug 2005 10:16 pm

The rents posted in the classifieds are actually a bit on the high side. It also depends on the location (will be higher if it's somewhere in Orchard for example) and also if it's close to the MRT.

If you're looking at HDBs, I would say S$350 minimum for a single room. Or be prepared to pay at least S$500 for a room in a condo.

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Post by joop » Thu, 25 Aug 2005 11:56 pm

Realistic ? wrote:Are the rents posted on this site accurate ? If a place is listed at 2000, should I bargain down and if so how much ?

Or are the rents that are posted fixed ?
Prices are still negotiable. :wink:
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riversandlakes
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Post by riversandlakes » Fri, 26 Aug 2005 1:23 pm

not advertising here, but i managed to contact a landlady for my $280 room, just 4 mins from the office.

www.adpost.com/sg

allows you to put up your ad for free and to browse ads of others.

then use ..sg to find out SPECIFIC location...
Goatboy will always cherish his former goatgirl.
But the world is full of fluffier ones.

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aloof
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Post by aloof » Fri, 26 Aug 2005 8:08 pm

riversandlakes wrote:thanks loof. got here already. been working for 4th day.

my room is $280 at around Yishun. okay?
a room @ $280 in an estate area is considered pretty acceptable. welcome to singapore!!! if you need to know anything, can email, PM or even list them out in the forum. i'm sure there will be people who are glad to help you. :D

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riversandlakes
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Post by riversandlakes » Fri, 26 Aug 2005 9:08 pm

i shall! hence still mucking about ;)
Goatboy will always cherish his former goatgirl.
But the world is full of fluffier ones.

Guest

Post by Guest » Tue, 06 Sep 2005 10:35 pm

You still need to pay CPF. That's another 6% from your monthly income.

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