2024 2024 Tax Tables. The federal income tax has seven tax rates in 2024: The 41st edition includes all tax changes made since the previous edition (2023), including modifications imposed by the 2024 budget, as well as the most recent exemption orders,.

Welcome back to another edition of our comprehensive annual income tax guide, this time to help you out with your tax filing process in 2024 for the 2023 year of assessment. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).