INSTRUCTIONS
The Basic Tax Calculator is designed to estimate the Individual Income Tax liability of Tax-resident Individuals for the Year of Assessment (YA) 2008. 1. Enter data (where necessary) in the yellow shaded areas. 2. On the menu bar at the top of the tax computation worksheet, select "Tools", click on the "Options", "View" tab and select "Comment Indicator only". When you move your cursor into any of the yellow area with a red comment tab, comment bubbles will help you determine the amount of income, deduction and relief to be entered.
If you need more information on the income or relief, click on the Key Terms on the left highlighted in blue. After you have entered the appropriate values, the calculator will compute your estimated tax liability.
*Note:
This Tax Calculator serves to provide you with an estimate of your tax liability, based on the information you have entered. The actual amount of your tax liability shown in your Notice of Assessment, if any, may be different from the amount estimated, depending on the complexity of your case.
To start using the tax calculator, click here.
Basic Tax Calculator for Tax-Resident individuals
YEAR OF ASSESSMENT (YA) 2008 (For the year ended 31 Dec 2007)
Note: Clicking on the blue words below will give you detailed information about the income items and reliefs S$ INCOME
Employment income
Less:
Employment expenses
TOTAL EMPLOYMENT INCOME 0
Add: OTHER INCOME
Annuity (recurring annual payments) Business Income Charge (alimony/maintenance payments) Dividend Estate/trust income Income received from outside Singapore Interest Pension Rent & net annual value (NAV from property) Royalty Withdrawal from Supplementary Retirement Scheme (SRS)
TOTAL INCOME Less: 0
DONATIONS
ASSESSABLE INCOME 0
Less: PERSONAL RELIEFS
Course fees relief CPF cash top-up relief CPF/provident Fund relief Earned income relief Foreign maid levy relief Grandparent caregiver relief Handicapped brother/sister relief Life Insurance relief Nsman(Self/wife/parent) relief Parents/handicapped parents relief Qualifying/handicapped child relief Supplementary Retirement Scheme (SRS) relief Wife/handicapped spouse relief Working mother's child relief
CHARGEABLE INCOME Tax Payable on Chargeable Income Less: 0 0.00
Tax credit and other reliefs (if applicable)
0.00 0.00 0.00
Tax Payable/Repayable before rebate Less:
One-Off Personal Tax Rebate
Tax Payable/Repayable after One-Off Personal Tax Rebate Less:
Parenthood Tax Rebate Tax Deducted from Dividends/Interests
NET TAX PAYABLE / REPAYABLE 0.00