10 posts
IRAS now charges $900/- for the first $40,000/- of income!!! WTF??
I am sure it was not $900/- last year, I think not even $700/-.
But fark I didn't keep my last year's income tax assessment so I can't be sure how much IRAS charge for the furst $40K last year.
Anyone recalls?
no idea... ur deductions not enuiff?
Originally posted by BrUtUs: no idea... ur deductions not enuiff?
same dedcution for the past 4 years. No helping much.
Next year will be different..bcoz I will be claiming for my baby
Originally posted by Troy437: same dedcution for the past 4 years. No helping much. Next year will be different..bcoz I will be claiming for my baby
the secret weapon.... oh when coming? but ur wifey also need to deduct rite...
Originally posted by BrUtUs: the secret weapon.... oh when coming? but ur wifey also need to deduct rite...
My baby now also 5 month old liao.
I can claim for her yet as she is born this year.
My wife...housewife now.
Back to my question.
How much IRAS charge for the first $40K of income last year?
Originally posted by Troy437: Back to my question. How much IRAS charge for the first $40K of income last year?
iras webby dun hv?
1st 30k, 350 dollars...
next 10k @ 5.5% ??
not sure where's the limit...
Do you hold any shares in SGX?
The previous year's tax could be less because of tax refunds associated with S(44) [i.e. dividends paid by company taxed at higher corporate tax rate, they refund you the difference between your marginal tax and the corporate tax].
I asked around and my colleagues pay lesser as they have parents and child claims, while my claims doesn't help much.
Signup
Login
10 posts
