Enter each spouse’s income and reliefs, then move the shared items — Qualifying Child Relief, Parenthood Tax Rebate, Parent Relief — between the two columns and watch the family total. The lowest total wins.
Every line links to the IRAS page it comes from, and the calculator states the year of assessment it is working to.
| Chargeable income | Rate |
|---|---|
| $0 – $20,000 | 0% |
| $20,000 – $30,000 | 2% |
| $30,000 – $40,000 | 3.5% |
| $40,000 – $80,000 | 7% |
| $80,000 – $120,000 | 11.5% |
| $120,000 – $160,000 | 15% |
| $160,000 – $200,000 | 18% |
| $200,000 – $240,000 | 19% |
| $240,000 – $280,000 | 19.5% |
| $280,000 – $320,000 | 20% |
| $320,000 – $500,000 | 22% |
| $500,000 – $1,000,000 | 23% |
| > $1,000,000 | 24% |
Read Post: Simple Family Income Tax Calculation Template
Disclaimer: Content in this blog is for informational purposes only and is not intended to be personal financial advice. Please make your financial decisions with due diligence.