Singapore Employment Pass Application - Fixed Monthly Salary
Fixed monthly salary refers to the total regular monthly payments to a foreign employee, including basic salary. The "fixed monthly salary" must not vary in quantum from month to month and must be paid to the foreign employee on a monthly basis, regardless of his performance. It does not include:
- Additional payment by way of variable #overtime, bonus or commission;
- Any form of reimbursements or in-kind payments;
- Any sum paid to an employee or contract worker to defray special expenses incurred by him owing to the special, unusual or hazardous nature of the employment;
- Any productivity incentive payments and any allowances which are variable in nature;
- Any contributions paid by the employer or employee to any pension or provident fund; or
- Any gratuity payable on discharge or retirement.
#Overtime means the number of hours worked in any one day or in any one week in excess of the eight hours in one day or 44 hours in one week.
Basic salary does not include:
- Additional payment by way of overtime, bonus or commission. Overtime refers to the number of hours worked in excess of eight hours in one day, or 44 hours in one week.
- Traveling, food or housing allowance;
- Any sum paid to an employee or contract worker to defray special expenses incurred by him owing to the special, unusual or hazardous nature of the employment;
- Any productivity incentive payments;
- Any allowance however described;
- Any contributions paid by the employer or employee to any pension or provident fund; or
- Any gratuity payable on discharge or retirement.
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