Appendix E(3) (cont'd)
-
Example 3 Annual earnings of $78,000 (i.e. $6,500 per month)
Single with two
dependent
Married with no
Single
parents
children
Married with two children
Married with two children
and two
dependent parents
($)
($)
($)
($)
($)
Salary per annum
78,000
78,000
78,000
78,000
78,000
Less: Personal allowance
29,000
29,000
60,000
60,000
60,000
Additional allowance
(subject to 10%
clawback)
600
600
9,200
9,200
9,200
48,400 48,400
8,800
8,800
8,800
Less Child allowance
19,000
19,000
Dependent parent allowance
18,000
18,000
Net chargeable income
48,400 30,400
8,800
NIL
NIL
=
Tax payable thereon
6,180
3,060
440
NIL
NIL
======
Effective rate
7.9%
3.9%
0.6%
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