SG1.5.1ÌýÌýÌýÌý Income tax
Tax residents
Singapore's personal income tax rates for resident taxpayers are progressive. This means higher income earners pay a proportionately higher tax, with the current highest personal income tax rate at 24% (with effect from YA 2024).
The current rates can be found at the IRAS website.
From the YA 2017 to YA 2023, the progressive income tax rates are as follows (additional rates from YA 2024 are presented in the second table):
| Chargeable income (SGD) | Income tax rate (%) | Gross tax payable (SGD) |
First SGD 20,000
Next SGD 10,000 | 0
2% | SGD |
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Web page updated on 17 Mar 2025 13:13