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Tax Calculator

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Tax Calculator Powered By Docstoc
					                                           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    0


Less:                    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      0


Tax Payable on Chargeable Income                                                                                     0.00


Less:                    Tax credit and other reliefs (if applicable)

Tax Payable/Repayable before rebate                                                                                  0.00


Less:                    One-Off Personal Tax Rebate                                                                 0.00


Tax Payable/Repayable after One-Off Personal Tax Rebate                                                              0.00


Less:                    Parenthood Tax Rebate
                         Tax Deducted from Dividends/Interests


                                                                                       NET TAX PAYABLE / REPAYABLE   0.00

				
DOCUMENT INFO
Description: This is an example of tax calculator . This document is useful for calculating tax.