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...

Comments

Anonymous said…
NS pay is allowance and not taxable. I was never taxed for my IPPT or RT. Think you have miscalculated.
22 March, 2014 22:39
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!
23 March, 2014 00:52
Post a Comment

Popular posts from this blog

Long-Term Visit Pass - Plus (LTVP-PLUS)

http://www.ica.gov.sg/news_details.aspx?nid=12665 Good news for those of us who cannot get PR for our beloved spouse, because the Singapore government has come up with a enhanced long-term visit pass called LTVP-PLUS or LTVP+. I'll sum up the key points in the FAQ provided by ICA so you don't have to go through one big page. Do let me know if I missed out anything or correction is required by dropping a comment. GENERAL LTVP+ will be in effect from 01 Apr 2012. LTVP+ holders will enjoy extended duration of residency, public healthcare subsidies and easier access to employment. No separate application required for LTVP+; an application for LTVP will automatically include your spouse for LTVP+, if eligible. LTVP applications submitted from 01 Feb 2012 will automatically be considered for LTVP+. The first approved LTVP+ will grant 3 years residency and subsequent renewal will be 5 years. Current holders of LTVP will be considered for LTVP+ on next renewal. If holde
Read more

How to Marry a Thai in Singapore

Image
You should refer to here -  https://www.rom.gov.sg/reg_info/rom_marriage.asp Please spend some time to go through and understand the information on that section (legal provision, other information, filing of notice, solemnization and etc), if your still not sure, feel free to drop a comment here or you can use their FAQ . The ROM website did a really good job of putting together the information that you need in a well-organized manner. I've done it once and I think the guide is very easy to follow. The only hiccup I've had with my marriage is during the  Appointment for verification & Statutory Declaration where both of us were required to read out a wall of text and my wife had difficulty getting past the first few lines and the counter guy got fed up and told my wife to stop. Definitely my oversight as I didn't arrange for an interpreter beforehand but luckily, there was a licensed interpreter at the scene and we managed to get her to do the interpretation fo
Read more

Commission Calculator for DBS Vickers SG Stocks

Made this little tool to help me calculate the costs of buying or selling a stock, just enter number of shares and price and it will show both buy and sell costs at the same time. Can even choose by cash upfront, online or phone and it will calculate using respective rates. Cash Upfront ONLINE By Phone Shares: Price: Value: Commission: Clearing Fee:
Read more