Compare your annual salary (2008)

#1 (**permalink**) 02-11-2008, 02:02 PM

Based on figures in the latest Iras 2007/2008 annual report, I have updated the popular Salary.sg income comparison tool (see previous version).

Simply enter your annual salary for YA2008 and see how you rank against all resident taxpayers in Singapore:

The following is the graph for both YA2008 data (red) and YA2007 data (blue). It is evident that salaries have gone up. For example, the person at the 80th percentile earned a higher ~$96k for YA2008 compared with ~$92k for YA2007.

http://www.salary.sg/2008/compare-yo...l-salary-2008/

#2 (**permalink**) 03-11-2008, 09:21 AM

50% mark is at $50,750
about $3,904 monthly salary,
which means half of our working people make $3900 & above?

#3 (**permalink**) 03-11-2008, 09:32 AM

yes, I think the median is $3,900 for all tax-assessed residents. but I don't think all working people are assessed. I know some low-earning ones and part-timers never even have to file anything.

#4 (**permalink**) 03-11-2008, 10:29 PM

Annual income, I suppose it includes the bonus and commission etc? Is this income before cpf deduction or after? By the way, $90,000/annum income is 80% higher than all resident taxpayers. Makes me wonder how some people can belittle jobs like engineering which can pay you this much in 4 to 5 years time?

#5 (**permalink**) 04-11-2008, 10:37 AM

Nick, it includes all your income like pay, bonus, commission, rent, dividends. Add these all up, then minus expenses and donations to obtain your "assessable income". Then, you deduct reliefs like NSman, working mother, earned income, etc, to get your "chargeable income". Then, Iras will tax you based on your chargeable income.

#6 (**permalink**) 04-11-2008, 08:46 PM

So assuming if my total salary plus bonus per year is $74K,I need to deduct cpf contribution etc from this figure before I can plug the number into the graph to get my percentile?