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Concepts and Definitions

Gross Monthly Income From Employment refers to income earned from employment. 

 
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For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses.

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For self-employed persons, gross monthly income refers to the average monthly profits from their business, trade or profession (i.e. total receipts less business expenses incurred) before deduction of income tax.

The concepts and definitions used conform to international guidelines recommended by the International Labour Organisation.