Advertisement

Anonymous

14 Oct 2023

∙

Does taxable income (employment income) include cpf contribution?

Example
Gross salary = $3,000
20% employee CPF contribution = $600

Is the employment income $3000 per month or $2,400 per month?

7

Discussion (7)

What are your thoughts?

Learn how to style your text

YOC

01 Nov 2023

Yeah 2400!

Reply

Save

Sireatsalot

31 Oct 2023

The taxable income for the example given above is $2400.

Reply

Save

JH L

24 Oct 2023

2400 will be subject to tax.

In fact, the tax return will neatly show you how this number is obtained and distinguish all the items.

Reply

Save

SW

20 Oct 2023

Employment income minus deductibles (like cpf contribution) = taxable income

Reply

Save

Adam Tay

16 Oct 2023

2,400 will be taxable....

Write your thoughts

Related Posts

Does gross income include employer's contributions to our CPF?

Hi! For a self employed person (property agent), is the max top up eligible for reducing taxable income $8k (own cpf top up) + $8k (top up family member’s cpf) ? Total $16k, or can be more? Thanks!

Is employer CPF contribution taxable?

When one mention about monthly gross salary, do we include or exclude employer's CPF contributions?

If I'm employed in Singapore but based overseas, will CPF still be automatically deducted from my pay? Will my employer still have to contribute to my CPF?

Related Posts

Does gross income include employer's contributions to our CPF?

Hi! For a self employed person (property agent), is the max top up eligible for reducing taxable income $8k (own cpf top up) + $8k (top up family member’s cpf) ? Total $16k, or can be more? Thanks!

Is employer CPF contribution taxable?

When one mention about monthly gross salary, do we include or exclude employer's CPF contributions?

If I'm employed in Singapore but based overseas, will CPF still be automatically deducted from my pay? Will my employer still have to contribute to my CPF?

Advertisement