Tax Brackets 2024 Single Taxable Income. 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 group, and an increase of between 0.5% to 2% for selected higher income brackets. The top marginal income tax rate of 37 percent will hit.
As your income goes up, the tax rate on the next. 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 group, and an increase of between 0.5% to 2% for selected higher income brackets.