How much do I pay for income tax and when do I know when it is due?
I am two weeks on my first full time job I know that income tax will be assessed next year in 2019. But how do I know when to pay and how much to pay?
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Essentially, you will need to pay taxes if you earn more than $20,000 annually. That said, you can check out the rates at the IRAS website. To know your personal assessable income, you have to identify your take home pay and use the form IRAS has for income tax to calculate the possible tax to pay. Please note that the reason why I asked that you use your take home pay is because if you used gross salary you will have to calculate the tax relief which is contributed to CPF.