Can someone guide me on how to calculate monthly gross salary? Does it include basic, allowances or it includes 1/12 of bonuses too? - Seedly
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HDB BTO

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Resale HDB

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Anonymous

Asked 2w ago

Can someone guide me on how to calculate monthly gross salary? Does it include basic, allowances or it includes 1/12 of bonuses too?

How would you calculate the gross monthly salary that you get?

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Sg 30s Dude
Sg 30s Dude
Level 4. Prodigy
Answered 2w ago

Assume you are referring to the income ceiling for BTO flats since theres no cap for resale HDB. Assessment is based on the average gross monthly income excluding bonuses and OT, including additional allowances. Detailed explanation can be found at HDB website https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/hdb-flat

Note that Notice of assessment from IRAS is not acceptable

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CH
CH

2w ago

Hmmm... i am quite sure hdb looks at my OT. any idea is it different criteria for different people?
CH
CH
Level 6. Master
Updated 2w ago

For salaried workers, HBD will base on past monthly CPF contributions.

yes, so it would include basic, overtime, allowances, bonuses, incentives.​​​

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