Personal Income Tax Reliefs: Who Qualifies and What You Get
Learn how personal income tax reliefs work in Singapore to help reduce your taxable income and manage your tax obligations.
Personal income tax reliefs are incentives that allow you to reduce the amount of your income that is subject to tax.
Who it's for
This scheme is available to individuals who are considered tax residents.
What you get
You can claim various reliefs that lower your chargeable income. This means you pay tax on a smaller portion of what you earn. For example, you may be able to claim relief for certain course fees.
What it costs you
There is no direct fee to claim these reliefs, but you must keep all your original receipts and supporting documents for every claim you make.
The catch to know
There is a limit to how much you can claim. There is a total cap on the amount of tax relief you can receive, which is $80,000 per year.
How to apply
- Gather all receipts and documentation for your eligible expenses.
- Complete your IRAS filing.
- Claim the specific reliefs you are entitled to during the filing process.
- Visit the official portal for more details: https://www.iras.gov.sg