Singapore Tax Brackets 2026
For 2026 income (YA 2027), Singapore resident income tax runs from 0% on the first S$20,000 of chargeable income to 24% above S$1,000,000 — one of the lowest progressive rates among developed economies.
Verified against IRAS (iras.gov.sg) and CPF Board (cpf.gov.sg). Reviewed by Wei Ling Wong, ATA + CA (Singapore).
Singapore · 2026 · Summary
In Singapore for the 2026 income year (Year of Assessment 2027), income tax uses eleven progressive brackets from 0% to 24%. The first S$20,000 of chargeable income is tax-free. The 24% top rate applies only above S$1,000,000 of chargeable income. Singapore Citizens and Permanent Residents also contribute to CPF — employee rates range from 20% (under 55) to 5% (70+) of ordinary wages, capped at the S$96,000 annual ordinary wage ceiling (raised from S$74,400 in 2025).
2026 Singapore income tax brackets
| Chargeable income | Rate | Cumulative tax |
|---|---|---|
| Up to $20,000 | 0% | $0 |
| $20,000 – $30,000 | 2% | $200 |
| $30,000 – $40,000 | 4% | $550 |
| $40,000 – $80,000 | 7% | $3,350 |
| $80,000 – $120,000 | 12% | $7,950 |
| $120,000 – $160,000 | 15% | $13,950 |
| $160,000 – $200,000 | 18% | $21,150 |
| $200,000 – $240,000 | 19% | $28,750 |
| $240,000 – $280,000 | 20% | $36,550 |
| $280,000 – $320,000 | 20% | $44,550 |
| $320,000 – $500,000 | 22% | $84,150 |
| $500,000 – $1,000,000 | 23% | $199,150 |
| Over $1,000,000 | 24% | — |
Brackets apply to chargeable income (gross minus personal reliefs such as Earned Income Relief and CPF Relief). The first S$20,000 is taxed at 0%. Source: IRAS — Individual Income Tax Rates (YA 2024 onwards, unchanged for YA 2027).
Are Singapore tax brackets changing in 2026?
The key change for income year 2026 is the CPF ordinary wage ceiling increase from S$74,400 to S$96,000 (effective 1 January 2026). This means CPF-contributing employees earning above S$74,400 will have higher CPF deductions but also higher CPF Relief, reducing their chargeable income. Income tax rates and brackets are unchanged from YA 2024 onwards (when the top rate was raised to 24% on income above S$1,000,000). No Personal Income Tax Rebate was granted for YA 2027.
| Threshold / parameter | Previous year | 2026 | Change |
|---|---|---|---|
| CPF ordinary wage ceiling | S$74,400 | S$96,000 | +S$21,600 |
| Income tax brackets | Unchanged since YA 2024 | Unchanged | No change |
| Top rate threshold | S$1,000,000 | S$1,000,000 | No change |
| Non-resident flat rate | 15% | 15% | No change |
| Personal Income Tax Rebate | None granted | None granted | No rebate for YA 2027 |
Singapore tax at common income levels (2026)
Computed by the Tax Atlas engine from official 2026 rates. Default filing status; no additional deductions or credits.
| Gross income | Taxable income | Total tax | Take-home | Eff. rate |
|---|---|---|---|---|
| $60,000 | $47,000 | $13,040 | $46,960 | 21.7% |
| $120,000 | $99,800 | $24,827 | $95,173 | 20.7% |
| $200,000 | $179,800 | $36,714 | $163,286 | 18.4% |
| $500,000 | $479,800 | $98,906 | $401,094 | 19.8% |
| $1,000,000 | $979,800 | $213,704 | $786,296 | 21.4% |
Step-by-step: $200,000 gross
Use the income tax calculator for a personalised calculation with your exact income, filing status, and deductions.
How Singapore tax brackets work
Singapore taxes income on a preceding-year basis — income earned in calendar year 2026 is assessed in Year of Assessment (YA) 2027. The eleven brackets apply to chargeable income, which is gross income minus personal reliefs (Earned Income Relief, CPF Relief, and other allowable deductions). The 0% first bracket covering S$20,000 of chargeable income is effectively Singapore's tax-free threshold.
The rates are progressively low by developed-world standards: the 7% rate does not apply until chargeable income exceeds S$40,000; the 15% rate starts at S$120,000; and the 22% rate at S$320,000. Even at S$1,000,000 of chargeable income, most of the income below that level is taxed at sub-20% rates. This makes Singapore's effective rates very low for most earners.
CPF contributions are a mandatory component of employment cost for Singapore Citizens and Permanent Residents. Employee contributions (20% under 55, reducing with age) are deducted from ordinary wages and sent to CPF accounts. From 2026, the annual ordinary wage ceiling is S$96,000 — raised from S$74,400 in 2025. CPF contributions are fully deductible as CPF Relief, reducing chargeable income.
Non-resident employees (fewer than 183 days in Singapore) pay the higher of 15% flat on employment income or the progressive resident tax rates. Directors' fees and non-employment income for non-residents are typically taxed at 24% flat. Foreign professionals on Employment Pass, S-Pass, or Work Permit do not contribute to CPF.
Singapore tax: key rules and exceptions
The CPF ordinary wage ceiling increase in 2026 (S$74,400 → S$96,000) significantly affects employees earning in that range. For a CPF contributor earning S$96,000, the annual CPF employee contribution increases by approximately S$4,320 (at 20% rate under 55) — reducing take-home pay. However, the CPF Relief deduction also increases by the same amount, reducing chargeable income and therefore tax payable. The net take-home effect depends on the employee's tax bracket.
Earned Income Relief (EIR) is automatically granted to all employees. Under 55: S$1,000 EIR. Ages 55–59: S$6,000 EIR. Ages 60 and above: S$8,000 EIR. This relief is subtracted from chargeable income before brackets apply, reducing tax for older workers. Singapore uses this mechanism to incentivise workforce participation beyond typical retirement age.
Singapore's preceding-year basis means 2026 income is taxed in YA 2027. Employers do not withhold income tax monthly — employees pay a lump sum after IRAS issues a Notice of Assessment (NOA), typically due by June 2027. This means Singapore workers have more cash flow throughout the year compared to PAYE/withholding systems, but must budget for the annual tax payment.
How do tax brackets work? (Common misconception)
A common misconception is that earning more can leave you worse off — that crossing into a higher bracket means more of your income gets taxed at a higher rate. This is not how progressive taxation works.
Each bracket applies only to the income that falls within its range. If your income crosses into a higher bracket, only the amount above the threshold is taxed at the higher rate — not your entire income. A higher salary always means higher take-home pay.
Your marginal rate is the rate on your last dollar earned. Your effective rate is total tax divided by gross income — always lower than your marginal rate. See the marginal tax rate and effective tax rate glossary entries.
Calculate your exact Singapore tax
Enter your income for a full breakdown including all deductions, credits, and social contributions.
Frequently asked questions
- What are the 2026 Singapore income tax brackets?
- 0% on chargeable income up to S$20,000; 2% on S$20,001–S$30,000; 3.5% on S$30,001–S$40,000; 7% on S$40,001–S$80,000; 11.5% on S$80,001–S$120,000; 15% on S$120,001–S$160,000; 18% on S$160,001–S$200,000; 19% on S$200,001–S$240,000; 19.5% on S$240,001–S$280,000; 20% on S$280,001–S$320,000; 22% on S$320,001–S$500,000; 23% on S$500,001–S$1,000,000; 24% above S$1,000,000.
- What is chargeable income and how is it calculated?
- Chargeable income = gross employment income − personal reliefs. Every employee with earned income automatically receives Earned Income Relief (S$1,000 under 55; S$6,000 at 55–59; S$8,000 at 60+). CPF-contributing employees additionally receive CPF Relief equal to their employee CPF contribution. Other reliefs (parent relief, SRS, course fees) further reduce chargeable income.
- What is the Year of Assessment (YA) and why does it matter?
- Singapore uses a preceding-year basis. Income earned in 2026 is taxed in YA 2027. When people ask "what are Singapore's 2026 tax brackets?" they typically mean the brackets for income earned in 2026, assessed in YA 2027. These rates have been unchanged since YA 2024 when the 24% top rate was introduced.
- Do Employment Pass holders pay the same tax?
- EP holders pay income tax at the same progressive rates if they are tax residents (present ≥183 days in the year). However, EP holders do not contribute to CPF — so their chargeable income is higher (no CPF Relief), but their gross take-home is also higher (no CPF deduction). Non-resident EP holders who are present for fewer than 183 days pay the higher of 15% flat or resident progressive rates.
- When and how do I pay Singapore income tax?
- You file your 2026 income with IRAS in early 2027 (typically March–April) via myTax Portal. IRAS issues a Notice of Assessment (NOA) and tax is due by June 2027, typically paid via GIRO or PayNow. Employers do not withhold income tax from monthly pay — you pay as a lump sum annually. Only the IR8A form is filed by your employer.