{"slug":"income-tax-singapore","name":"Singapore Income Tax Calculator (2024)","category":"fortune","tags":["earning","tax","planning"],"tagline":"2024 Singapore income tax: tax owed, effective rate, marginal rate, and take-home pay.","endpoint":"https://xearno.tools/api/v1/tools/income-tax-singapore","page":"https://xearno.tools/t/income-tax-singapore","description":"Computes Singapore personal income tax for 2024 using the official progressive brackets, and explains the number the way it actually works: your marginal rate versus your effective rate, how far you are from the next bracket, and exactly what this model excludes.","inputSchema":{"type":"object","properties":{"annualIncome":{"description":"Annual income (SGD)","type":"number","minimum":0,"default":60000},"deduction":{"description":"Deductions (SGD) Allowance is built into the bracket table; add extra deductions here.","type":"number","minimum":0,"default":0}},"required":[],"additionalProperties":false},"methodology":["Cumulative progressive calculation: each slice of taxable income is taxed at its bracket's rate — 0% up to 20,000, 2% up to 30,000, 3.5% up to 40,000, … up to 24% at the top. Taxable income = annual income − deductions.","Basis: IRAS resident rates, YA 2024. Bracket tables are updated when the jurisdiction publishes new rates; the tax year is stated in the tool name so you never mistake stale rates for current ones.","Scope: personal income tax only. Excluded: personal reliefs (earned-income, CPF, etc.) — actual tax is usually lower once reliefs apply. Real filings involve credits, reliefs, and personal circumstances this calculator deliberately does not guess at."],"usage":"POST https://xearno.tools/api/v1/tools/income-tax-singapore with a JSON body matching inputSchema."}