Proposed Tax Brackets 2024. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1). What are income tax slabs announced in the new tax regime in budget 2024?
The changes in the income tax slabs raised the upper limit in two slabs by rs 1 lakh. Namibia’s minister of finance and public enterprises, iipumbu shiimi, delivered the 2024/25 budget on 28 february 2024.