Budget 2024 – Personal income tax rebates

24/02/2024

* There will be a personal income tax rebate of 50% for the AY 2024, capped at S$200.

* Currently, taxpayers may also claim a range of dependent-related tax reliefs, if the dependants have an annual income of S$4,000 or less. This threshold will be raised to S$8,000 with effect from AY 2025.

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