Income Tax Estimator
How much tax will you owe
as a self-employed provider?
No employer withholds tax for you. This tool estimates what IRAS expects — and how much to set aside each month.
Your income details
Net trade income = revenue minus allowable business expenses
Voluntary Medisave/CPF top-ups can reduce your taxable income
Estimated income tax (YA2024)
S$1,880
/ year
Effective tax rate
3.1%
Chargeable income
S$59,000
Full picture
Set aside each month
S$645
Your estimated take-home after obligations: S$4,356/month
Key IRAS dates
This is an estimate only. Actual tax depends on all income sources, reliefs, and deductions. Consult IRAS or a tax professional for your full assessment. Medisave figures are approximate.
Keep more of that S$4,356/month.
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