Jodie Lynnett

Income Tax Brackets 2024 Singapore. To achieve greater progressivity, the top marginal personal income tax rate will be increased with effect from ya 2024. As per the union budget 2024, announced by finance minister nirmala sitharaman, the new tax slabs are as follows:

Chargeable income in excess of $500,000 up to $1 million will be taxed. The income tax bracket in singapore is made up of 10 tax brackets that charge higher taxes for higher incomes, with a cap of 22% withholding tax rate.