Just started my first full time job this July. Does anyone know when I will have to start paying for income tax? - Seedly
Ā 

Lifestyle

Career

Asked by Anonymous

Asked on 17 Dec 2018

Just started my first full time job this July. Does anyone know when I will have to start paying for income tax?

1

Answers (4)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent

You can reference the table to see where you stand

1 comment

0
Loh Tat Tian
Loh Tat Tian

on 04 Jan 2019

Do remember that this table is your take-home pay and not the gross salary. There are a number of ceveats and hence i seldom show until the person replied with more information on their understanding.
Loh Tat Tian
Loh Tat Tian
Level 6. Master
Answered on 18 Dec 2018

You will be required to file your income tax (or done automatically by your company Form IR8A.)

Depending on your income, you may or may not need to pay income tax. If your assessable income for the year exceeds $21,000 (which exclude CPF contribution), then you will have to start to pay income tax. Best to do your tax planning if you are earning more than $4,300 (excluding bonus) or $4,000 (including bonus) this year.

But the tax to pay is very little for now. The impact will be felt after next year.

0 comments

0
Yixiong Chang
Yixiong Chang
Level 5. Genius
Answered on 18 Dec 2018

Current year earnings will be assessed next year. Filing will start 1st March.

So for 2018 earnings, will be assessed in 2019. 2019 earnings will be in 2020..

0 comments

0
Daniel Ling
Daniel Ling
Level 4. Prodigy
Answered on 18 Dec 2018

I believe is it calendar year. So you should bave already received the letter.

If you are keen to pay can always call them and remind them.

0 comments

0