Have u file ur tax?

12 04 2009

More than 536,000 taxpayers have e-Filed. Avoid the last minute rush and e-File now! 

I always felt that I pay high income tax!!

And my colleagues said that coz I have high salary!! (they r implying I have higher salary than them!!)

NOOOooOOOoooOOOOO

*maligned*

It is just coz being single is expensive.

Plus my parents are not with me in Sg.

So I lost out in term of rebates or reliefs or tax-deductions….

It is no surprise that I paid more tax $ than others who have much higher salary!!

Luckily this year government is giving us 20% discount on our tax $..

And still Singapore’s income tax is considered low among other countries… so I am counting my blessings..

So have u file ur tax yet?

Date due for Yr 2008 assessment is 15th April 2009

Click here to know how to calculate ur tax!

Tax rates for resident individuals

For YA 2007 onwards

Chargeable Income Rate (%) Gross Tax Payable ($)
First $20,000
Next $10,000
0
3.50
0
350
First $30,000
Next $10,000

5.50
350
550
First $40,000
Next $40,000

8.50
900
3 400
First $80,000
Next $80,000

14
4 300
11 200
First $160,000
Next $160,000

17
15 500
27 200
First $320,000
Above $320,000

20
42 700

For YA 2008, a personal income tax rebate of 20%, up to a maximum of $2,000 is granted.
For YA 2009, a personal income tax rebate of 20%, up to a maximum of $2,000 is granted.

Source: IRAS

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