Written Answer

Total Taxable Personal Income Earned by All Persons in Each Decile for FY 2019

Speakers

Transcript

21 Mr Leong Mun Wai asked the Minister for Finance (a) what is the total taxable personal income for FY 2019; and (b) what is the total taxable personal income earned by all persons in each decile.

Mr Lawrence Wong: The total Assessable Income for personal income tax for Year of Assessment (YA) 2020 is S$208.3 billion. The total Assessable Income earned by all persons in each decile for YA2020 are as follows: