The government gives me 200 in March as some relief from the current economic situation. A month later, income tax is due. Here they charge me 247.91. So in essence they earn a profit of 47.91 from me. Say the 200 given to me equates to a loss of interest bearing income for them. For a month, they get 47.91 in interest. This equates to an interest of 23.95%. Economic crisis? For who?!
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sigh ... i've just applied for a SingPass to be able to log in to IRAS to pay my taxes.
ReplyDeletehowever did you arrive that figure for the tax you pay?
There's a tax calculator on IRAS website. Key in your salary and your reliefs and less your CPF contributions.
ReplyDeleteHOLY FUCK! why is mine at SGD 1,094?!!!!!
ReplyDeletei have no reliefs?