Hi I'm a fresh grad, and clueless about income tax... I heard that there are ways to optimise or reduce income tax? Any gurus care to share?

Thank you very much!

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Jiayee

02 Nov 2020

Salaryman at some company

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

Some stuff you may want to google:

Voluntary Medisave top-up
RSTU
SRS
Caregiver relief
Life insurance relief

The calculator has a longer list of reliefs mentioned in it. Feel free to ask more specific questions later once you've taken a quick look of the stuff above.

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Yang Teng

02 Nov 2020

Full list available on IRAS https://www.iras.gov.sg/irashome/Individuals/Lo...

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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!?

Keep hearing about FIRE and saving $100k by 30, as a fresh grad on a traineeship, I'm very keen to work towards this. Anyone care to share tips or their personal experience if any?

Hi, will appreciate some advise Earn: 130k/yr NSMen Married with no child Rent Unit I been paying about 10k in income tax, if there any way to further reduce it? should I top up SRS and then CPF?

What are the possible ways in 2023 to a) reduce income tax thru VC to CPF and 2) max out CPF VC for self and family (without income tax reduction)?

Hi everyone. I'm a 23yo fresh dip grad female and I'm currently working as an Admin (contract ends in Jan). I'm looking into doing sales (I'm a hardworker) and even real estate, any thoughts?