Here are some smart and simple ways for Singapore residents, how they can legally reduce his/her income tax bill in Singapore. Earned income relief Income tax relief of between $1,000 and $8,000 is available if you have taxable income from employment, a pension, or a trade, business or profession. The relief increases from $1,000 for those who are below 55 to $6,000 for those 55-59 and $8000 for those over 60. The exemption amount increases to a minimum of $4,000 and a maximum of $12,000 in the case of physical or mental disability. CPF Cash Top-up (parents, grandparents, spouse and/or siblings) Relief In addition to topping up your own CPF special/retirement account, you could consider topping up the CPF retirement accounts of your parents and/or grandparents. The cash could go towards helping them with their retirement needs while earning you some tax relief on your own income. If you have a spouse or siblings who do not have income exceeding $4,000, topping up th...