Budget 2024 Income Tax Updates. Highlights include revised tax slabs, increased deductions, and simplified taxation. For individuals who pay tax on relevant income at the scottish or welsh rates (i.e., on income other than savings income and dividends), the rates and, for scottish taxpayers, bands for 2025/26 will be announced at the relevant.
The government has committed to not increase taxes on working people, which is why it is not increasing the basic, higher or additional rates of income tax, national insurance. Budget 2024 income tax updates:
Budget 2024 Income Tax Updates Images References :