14 March 2014

NS Pay is Taxable!

After all these years, now then I know! But I didn't bother since in my early years I didn't earn enough to actually need to pay tax, I only discovered it after my company submitted my tax returns for this year, since I was free with nothing to do so I kept myself busy by looking through my previous years returns and found that in the year of assessment 2013 (for 01 Jan 2012 to 31 Dec 2012), the assessable income shown in my notice of assessment is $514 more than what my company reported in my IR8E. I am very sure that I only worked for my current company for 2012.

Curious, I emailed IRAS, and their reply was that the difference was submitted for my NSman pay, so obviously should be submitted by Mindef. And then after searching the internet a bit, I also found that IPPT award is taxable! WTF man. Basically my service pay is taxable, which includes the $12 or $13 received when I attended RT sessions, IPPT sessions, or when my unit called me back for one day, my company didn't claim, not sure why, then Army paid me about $30+, it's all taxable because Army is considered my employer, in IRAS eyes, any money paid by employer is taxable. Sigh, really lame, but whatever, not going to make a lot of difference to my payable tax amount anyway. Speaking of paying tax, bloody hell have to $550+ this year, sigh...

2 comments:

Anonymous said...

NS pay is allowance and not taxable. I was never taxed for my IPPT or RT. Think you have miscalculated.

marrythaigirlsingapore said...

Very sure I did not, I even checked through all my payslips, then I called IRAS, they said the difference was submitted by Mindef, those were from my RT sessions and IPPT award!