Asked 2w ago
How would you calculate the gross monthly salary that you get?
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