Quote:
Originally Posted by Unregistered
Based on his $860k pa household income, the tax payable should be around $150k (before reliefs).
After relief maybe $120k (?)
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My YA2016 income tax is around $82K, while my wife's $4.5k due to WMCR but with the $80K cap in YA2018 her tax will prob. double then.
My tax may seem low as a % of my income as I claim relief from donations ($10K but x3 in YA2016), full contributions to SRS, cash top up of parent's
CPF, parent reliefs (they are living with me), and the other usual ones (earned income, NSman,
CPF etc).