Here’s the 2024 edition of our most popular income comparison tool on Salary.sg.
This is the latest version of our Compare Annual Income tool. It uses the latest statistical data from IRAS’s recently released Annual Report for FY2023/24, the most trusted data on income in Singapore.
Most other income data are from surveys, but this IRAS data is from income tax filings. Most salaried employees have their salaries reported automatically by their companies under the IRAS auto-inclusion scheme. Further, tax evasion and tax fraud is a criminal offence. Hence, the IRAS data is as accurate as it gets. Once again, it is NOT a survey!
To benchmark/compare your annual income – including all salaries, commissions, bonuses, part-time remuneration, director’s fees, rental income – simply enter your IRAS assessable income below and see how well you stack up against all resident taxpayers in Singapore:
If you make $100k yearly, you are at the 70.1th percentile. This is 3% lower than in 2023, which would place you at the 73.1th percentile if you use the previous version of our tool. See the previous version of our Compare Annual Income tool 2023.
To be in the top 10%, you need an annual income of $205k. It was $191k previously.
If you aspire to be in the top 5%, your annual income has to be $297k. It was $284k previously.
An income of $470k places you in the top 2%, and an income of $760k places you in the top 1%.
As usual, please note that residents earning $20k and below do not pay income tax. Hence they are not included in the above comparison.
