To calculate net pay for an employee in Singapore you would follow these general steps: Determine Gross Salary: Start with the employee's gross salary which includes their basic bonuses director's fees commissions and any other taxable income such as gains from exercise of stock options. Account Benefits-in-Kind (BIK): Add value non-cash benefits provided to employee club memberships may be taxable. Deduct CPF Contributions: Calculate deduct both employer's contribution Central Provident Fund (CPF) is mandatory Singapore Citizens Permanent Residents. The exact rates can found on website. Taxable Allowances Benefits: Include allowances travel allowances or like pension fund contributions by employer are part income. Income Tax: Apply progressive tax chargeable determine amount payable. For Year Assessment (YA) 2024 onwards start at 0% first S 20 000 ? 24 20000andgoupto24 1000000. Use brackets Other If applicable Self-help Groups (SHGs) Skills Development Levy (SDL) Foreign Worker (FWL) Work Permit holders. Subtract National Service Make Up Pay (MUP): has attended (NS) training employer need salary time was away will reimbursed directly MINDEF. Consider Government Paid Leave: taken government-paid leave maternity paternity this affect calculation government reimburse amounts. Net Pay: After accounting all deductions contributions remaining pay. a precise use online calculators Inland Revenue Authority (IRAS) tax website contributions. These tools help consider specific details each case ensure compliance Singapore's laws regulations.