Advertisement

Anonymous

27 Dec 2019

∙

Need some clarification for the income tax calculator for tax resident individual?

When using the excel calculator to compute the estimated tax payable, there is an item called CPF/provident fund relief under Less: Personal Reliefs, may I know if the amount to be used is employee’s total cpf contribution OR employee + employer’s total cpf contribution?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Hariz Arthur Maloy

27 Dec 2019

Independent Financial Advisor at Promiseland Independent

Employee contribution only. So the 20% that you pay. :)

Reply

Save

Write your thoughts

Related Posts

Hi, noticed a handful of people are clueless about income tax. Thought that it'd be useful to share the IRAS Income Tax Calculator with everyone! Feel free to share any feedback/comments here!?

I started work in January this year. When will I need to pay tax? If I would like to use the SRS scheme to reduce my taxable income, when would I need to do this by?

How do I file taxes as a self-employed tutor? I am 22, just graduated and have been giving tuition since Jan 2020. My income increased significantly since April, but I am not sure if I need to file taxes. Any advice?

I want to start my own YouTube Channel. Suppose I can monetise my views and profit from affiliate marketing on my videos and social media accounts, do I need to declare that as my income tax? ?

Do you need to pay income taxes if you were to daytrade in US market?

Related Posts

Hi, noticed a handful of people are clueless about income tax. Thought that it'd be useful to share the IRAS Income Tax Calculator with everyone! Feel free to share any feedback/comments here!?

I started work in January this year. When will I need to pay tax? If I would like to use the SRS scheme to reduce my taxable income, when would I need to do this by?

How do I file taxes as a self-employed tutor? I am 22, just graduated and have been giving tuition since Jan 2020. My income increased significantly since April, but I am not sure if I need to file taxes. Any advice?

I want to start my own YouTube Channel. Suppose I can monetise my views and profit from affiliate marketing on my videos and social media accounts, do I need to declare that as my income tax? ?

Do you need to pay income taxes if you were to daytrade in US market?

Advertisement