Income tax refers to the tax imposed by the government on your earnings, whether derived from individual sources or business activities. Taxation authorities carefully analyze the nature or category of the tax payment, as well as the type of income you generate, during the process of tax assessment. 

Taxable income includes earnings originating from or derived within Singapore, regardless of whether you are a resident or not. However, income sourced from external channels is only subject to taxation if obtained by a resident individual through any form of partnership within Singapore’s jurisdiction. 

"Taxes on director's fee, consultation fees and all other income for non-residents is at a flat rate of 24%."

With all these tables, differing rates and the various deductibles, it might be a hassle trying to calculate your income tax. That is why we have prepared a Singapore income tax calculator so that you do not have to do the heavy lifting. Simply click the button below to download our Singapore income tax calculator. A notification may pop up requesting for macros enabling. Click yes and you can start inputting your incomes, reliefs and it will let you know how much is your tax. 

Although the tax calculator can give you an accurate estimate of your taxes, it does not tell you what reliefs or exemptions you might have missed out. Our team at VentureHaven can provide the relevant accounting services to help you, prioritising your convenience and saving you valuable time. Simple click on the button below to get started. 

Are you a tax resident in Singapore struggling to get the correct income tax estimates? Wouldn’t it be wonder if there is an online calculator for you to calculate your income tax rates? VentureHaven is here to address your income tax concerns with our informative guide on how to effortlessly calculate your income tax.  

Income tax refers to the tax imposed by the  state on your earnings, whether derived from individual sources or business activities. Taxation authorities carefully analyze the nature or category of the tax payment, as well as the type of income you generate, during the process of tax assessment. 

Taxable income includes earnings originating from or derived within Singapore, regardless of whether you are a resident or not. However, income sourced from external channels is only subject to taxation if obtained by a resident individual through any form of partnership within Singapore's jurisdiction.

Taxes on director's fee, consultation fees and all other income for non-residents is at a flat rate of 24%.

With all these tables, differing rates and the various deductibles, it might be a hassle trying to calculate your income tax. That is why we have prepared a Singapore tax calculator so that you do not have the do the heavy lifting. Simply click the button below to download our Singapore tax calculator. A notification may pop up requesting for macros enabling. Click yes and you can start inputting your incomes, reliefs and it will let you know how much is your tax.

Although the tax calculator can give you an accurate estimate of your taxes, it does not tell you what reliefs or exemptions you might have missed out. Our team at VentureHaven can provide the relevant accounting services to help you, prioritising your convenience and saving you valuable time. Simply click on the button below to get started.