Finally, the end of the year is in sight once more. Yes, the holiday season is upon us, but it also marks the beginning of the FY22 tax filing season. Income tax may be a completely strange concept to many people who have recently joined the workforce. Now would be an ideal time to begin calculating the projected income tax that you are likely to pay next year. To begin all this, you will have to first estimate your annual income from January 1 through December 31, 2022. Let’s first calculate your taxable income for 2022 before discussing some income tax tips to lower your income tax in 2022. Calculating your 2022 Taxable Income For Singaporeans , you might have multiple sources of income. However, not all incomes are taxable. In Singapore, incomes that are taxable include Employment Income, Dividends, Interest, Rent, Royalty and more. Refer to the IRAS website on what is and isn’t taxable in Singapore if you have any other sources of...