Singapore IRAS Tax Relief 2026 Calculator

Singapore IRAS offers extensive personal tax reliefs that can reduce your taxable income by S$5,000-S$50,000+. Calculate your total reliefs and tax savings for 2026 YA.

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Common Singapore Tax Reliefs

Earned Income Relief (auto, $1,000-$8,000), Parent Relief (S$9,000/parent), Qualifying Child Relief (S$4,000/child), Working Mother's Child Relief (% of income), Spouse Relief (S$2,000 if low income), SRS (S$15,300 SC / S$35,700 FR), and CPF Cash Top-Up. Hospitalization insurance, course fees, and CPF top-ups also offer reliefs.

$80,000 Relief Cap (Since YA 2018)

Total personal tax reliefs are capped at S$80,000 per year (excludes Foreign Domestic Worker Levy Concession). High earners frequently hit this cap. Optimize by prioritizing: SRS (most flexible), parent relief (claim through eldest sibling), and WMCR for working mothers.

SRS Strategy

SRS contributions ($15,300/year SC, $35,700 FR) are tax-deductible. At retirement age 63 (currently), 50% of withdrawal is taxable. This effectively halves the marginal rate on SRS contributions. Best for high earners in 22% bracket who plan to retire to a lower bracket.

Source: IRAS Personal Income Tax Rates 2026, IRAS Tax Relief Claim Guide, CPF Board SRS Scheme rules. Last updated: May 2026.