Income Tax Brackets 2024 Singapore. The federal income tax has seven tax rates in 2024: For ya 2023, it’s important to note that the tax rates have been amended under budget 2023, with a reduction of 2% for those who fall under the m40 income.
A resident individual’s taxable income (after setoff of personal reliefs and deductions) is subject to income tax at progressive rates. 5 percent on the amount equal to the lesser of (i) the taxpayer’s net investment income, or (ii) income above $400,000.
Income Tax Brackets 2024 Singapore Images References :
