Income Tax Bracket 2024 Singapore

Income Tax Bracket 2024 Singapore. In singapore, there exist 12 income tax brackets for the year of assessment 2024, indicating an increase from the previous year. 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.

Personal income tax (pit) rebate. Chargeable income in excess of $500,000 up to $1 million will be taxed at 23%, while that in excess of $1 million will be taxed at 24%;