#How to file IR21

[counto-accounting]

💰 What is the Payroll Cycle & How Do You Choose One?

The payroll cycle determines how often employees get paid. In Singapore, most businesses follow:

✅ Monthly Payroll – Paid on the last working day of the month (most common). ✅ Fortnightly/Weekly Payroll – Common in retail, hospitality & F&B for better cash flow. ✅ Legal Deadline: Salaries must be paid within 7 days after the payroll cycle ends.

📊 What Goes into Payroll? (It's More Than Just Salaries!)

Payroll includes more than just base salaries—it also involves:

💵 Basic Salary – Agreed fixed pay in employment contracts. ⏳ Overtime Wages – Governed by the Employment Act. 📌 CPF Deductions – Employer contributions based on salary & employee age. 📑 Skills Development Levy (SDL) – 0.25% of salary (Min: $2 | Max: $11.25 per employee). 📅 Tax Reporting – Includes AIS (Auto-Inclusion Scheme) & IR21 tax clearance for foreign employees leaving Singapore.

📌 Struggling with payroll calculations? Let us handle CPF, taxes, and compliance for you!

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2️⃣ Skills Development Levy (SDL)

💰 Mandatory for all employers in Singapore. 💰 Calculated at 0.25% of an employee’s gross salary. 💰 Min: $2 | Max: $11.25 per employee/month.

3️⃣ Tax Compliance for Employers

📌 AIS Submission Deadline – File employee income details by 1 March 2025. 📌 Form IR21 – If a foreign employee leaves Singapore, employers must submit Form IR21 at least 1 month before departure.

🚀 How to Streamline Payroll & Stay Compliant

✅ Use Payroll Automation – Cut down on manual calculations & errors. ✅ Keep Records for 5 Years – Required by CPF Board & IRAS. ✅ Stay Updated on Regulations – Follow MOM, IRAS & CPF updates. ✅ Secure Payroll Data – Use encrypted payroll systems for security.

📌 Tip: Automating payroll ensures accurate CPF & tax deductions while avoiding late payments!

💼 Counto’s Payroll Management: Stress-Free, In-House Support

Tired of payroll headaches? We handle everything in-house — salary payments, CPF deductions, tax filings, and compliance deadlines — as an add-on service in your Counto accounting plan.

✅ On-time salary payments & CPF deductions ✅ Real support — Get direct access to your Customer Success Manager via WhatsApp or phone.

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[adaptivepay1]

Navigate Payroll with Ease: Cloud Payroll Software in Singapore!

Cloud payroll software solutions in Singapore are reshaping the way businesses approachemployee compensation management. Adaptive Pay is a prime example, known for making payroll management simpler and more efficient. This software not only takes care of tasks like tax filings and salary calculations but also integrates seamlessly with attendance and leave systems, eliminating the need for multiple software solutions.

Experiencing trouble-free payroll

Adaptive Pay's payroll module is compliant with IRAS, MOM, and CPF standards, ensuring that all relevant employee data (including loans, leave, claims, and attendance) is automatically integrated for efficient processing. The software also includes a pre-payroll acknowledgement feature, which encourages employees to review their pay details before processing to enhance accuracy and transparency.

Top features of Adaptive Pay

Adaptive Pay is now one of the leading cloud payroll software solutionsin Singapore, thanks to its comprehensive features:

Data compilation - The software streamlines workflows by integrating cloud-based payroll and HR data. It automatically calculates allowances and prorates salaries and claims, saving valuable time.

Automatic SDL, FUND, and CPF calculations - Adaptive Pay stays updated with the latest policies, taxation rates, and formats, ensuring compliance and accuracy.

Automated tax filing - The software simplifies tax filings by automatically generating and filing forms such as IRA8A, IR8S, Appendix A, and IR21, reducing the risk of human error.

Customisability - You can tailor the payroll process to meet your organisation’s specific needs, including setting up multiple payroll schedules.

Easy bank transfers: Recognized as a reliable cloud payroll software solution in Singapore, Adaptive Pay facilitates smooth bank transfers, expediting the payroll process.

Third-party app integration: The software can integrate with other applications like QuickBooks and Xero, adapting to your existing workflows.

Simplified employee access: Employees can use the Adaptive Pay app to receive notifications and access their payslips.

More than just payroll software

Adaptive Pay is more than just a cloud payroll software solution in Singapore. It’s an all-encompassing HR management system with fully integrated modules for employee attendance, claims, overtime, leave, and appraisals. This comprehensive approach saves time and effort, making HR management smoother and more efficient.

Discover the benefits of Adaptive Pay.

To truly understand how Adaptive Pay can transform your HR processes, consider requesting a demo. This will allow you to explore all the features of this cloud payroll software solution in Singapore. Adaptive Pay is a powerful tool that simplifies payroll and HR management, making it an ideal choice for any organisation looking to enhance its HR functions.

About the company:

Adaptive Pay is a groundbreaking cloud-based HRMS and payroll software that simplifies and automates HR and payroll management for Singapore businesses. The software adheres completely to the employment laws and regulations of Singapore, rendering it a highly suitable option for local businesses. A notable characteristic of Adaptive Pay is its user-friendly interface. The implementation of advanced security measures by Adaptive Pay guarantees the confidentiality and security of sensitive employee data.

[rohitseo]

IR21 is filled by employers on behalf of their employees 1 month before their departure. You can file IR21 by following the procedure given below- You can file IR21 through online mode by signing in to IRAS’s myTaxPortal with your company’s CorpPass credentials. After that, you need to enter the incomes of your employees, which are earned in the year of departure. After that, you have to hold all the dues of your employee, such as gratuity payment, leave pays, allowances, etc. Now, you can give 7 working days to IRAS for the e-filing of IR21. Otherwise, it would take 21 days for the paper filing of the form. Once the IRAS has processed the form, then you will receive a tax clearance directive on myTaxPortal within 3 working days and also through the post, which will take 5 to 7 working days. When the clearance directive is like a directive to pay tax, then you are required to pay the amount within 10 days to IRAS. And in another case, you will receive a notification and pay all the dues of your employee