How much tax I have to pay?

• The return

  1 Oct 07, 23:15

  When working, how much tax I have to pay? And what kind of taxes there are? And how do I pay? Auto deduction?
• noahnoah

  1 Oct 07, 23:17

  
  
  can call IRAS and ask
  
  if you earn 1 million above in 1 year
  
  you will be on Their billboard chart one
  
  if you earn more then 100 k in one year
  
  you will be on another chart too
  
  if you earn not much
  
  you will not appear on their chart one
• The return

  1 Oct 07, 23:24

  huh? I thought those working need to pay income tax? or other kind of tax? How much they usually deduct from your income monthly?
• yiha093

  1 Oct 07, 23:28

  everymth is CPF la
  income tax is 1 shot de
• Ponders

  1 Oct 07, 23:31

  Originally posted by The return:

  When working, how much tax I have to pay? And what kind of taxes there are? And how do I pay? Auto deduction?

  keep quiet they won't find out.
  
  but basically.. less that $3000/month pay.. dun think you'd pay more than $800/year.
  
  
• ^tamago^

  1 Oct 07, 23:34

  Only more than $20,000.
  
  
• The return

  1 Oct 07, 23:35

  Where would I get more information on this?
• yiha093

  1 Oct 07, 23:37

  lie about ur income
• The return

  1 Oct 07, 23:40

  Originally posted by yiha093:

  lie about ur income

  huh? You would I need to declare my income to who ar?
• ditzy

  1 Oct 07, 23:43

  Originally posted by ^tamago^:

  Only more than $20,000.
  
  

  22K leh.
• sunny6110

  2 Oct 07, 04:52

  got many kinda tax rebates one....
  
  stock dividends can lessen ur tax payable oso...
  
  above $21k needa pay tax
• maurizio13

  2 Oct 07, 05:38

  Originally posted by sunny6110:

  got many kinda tax rebates one....
  
  stock dividends can lessen ur tax payable oso...
  
  above $21k needa pay tax

  Dividends don't decrease your tax burden. The reason why you get a tax refund back is because, the profits from the company was already taxed at the company's tax rate of 20%. Since your personal tax bracket is lower than 20%, IRAS just refunds the difference back to you.
  
  BUT, they are doing away with this tax refund thingy. As such you cannot claim back your tax difference and you will be tax at the company's tax rate of 20% instead of your personal tax rate (which is much lower, unless you make mucho mucho money).
• ^tamago^

  2 Oct 07, 07:29

  Originally posted by ditzy:

  22K leh.

  oh yeah.
• skid

  2 Oct 07, 07:38

  Originally posted by The return:

  Where would I get more information on this?

  http://www.mof.gov.sg/taxation/indiv_income_tax_rates.html
• The return

  2 Oct 07, 11:18

  Originally posted by skid:

  http://www.mof.gov.sg/taxation/indiv_income_tax_rates.html

  Thanks.
  
  By the way, any other tax working adults need to pay also?