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Anonymous

18 Apr 2019

∙

How will I know when to pay income tax and how much to pay? ?

I'm a fresh graduate and just started my first FT job in April. Saw on another question here that income tax will be assessed next year 2019. But was wondering how will I know when to pay and how much to pay?

Thanks!!

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Loh Tat Tian

18 Dec 2018

Founder at PolicyWoke (We Buy Insurance Policies)

To calculate your own assessable income, calculate your take home pay. Use the form IRAS have for income tax to calculate this year possible tax.

https://www.iras.gov.sg/irashome/Quick-Links/Ca...

Go to individual and download it. The reason why I asked take home pay is because if you used gross salary, you need to calculate the tax relief (which is contributed to CPF).

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YT

18 Dec 2018

You'll need to pay taxes if you earn more than $20,000 annually. You can check out the rates at IRAS website.

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