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Anonymous

18 Apr 2019

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How do I calculate my tax relief for topping up my own CPF?

Hi, I would like to clarify how does the tax relief calculation work. For example, first $40k pays a income tax of $550 and subsequent $40k is 7%. But what if I earn $41k(annual) for example and contribute $5k to my own CPF. Do i fall to the previous tier of first $30k pay $220 income tax and next $10k at 3.5%? Since $41k - $5k = $36k?

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Yong Kah Hwee

15 Jan 2019

You can try using the calculator provided on the IRAS website: https://www.iras.gov.sg/irashome/Quick-Links/Ca...

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