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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)

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YOC

01 Nov 2023

Yeah 2400!

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Sireatsalot

31 Oct 2023

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

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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.

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SW

20 Oct 2023

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

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Adam Tay

16 Oct 2023

2,400 will be taxable....

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