Personal Finance 101
Asked on 16 Apr 2020
Have there been changes in recent years? Where can I find this information?
The income tax bracket have not change since 2017... I doubt it will change anytime soon and then again if change... The newspaper, media, social media, your colleagues, your frens and family members will share with you.
This is the income tax rate from YA 2017 onwards: https://www.iras.gov.sg/irashome/Quick-Links/Tax-Rates/Individual-Income-Tax-Rates/
Should there be a revision, the Authority will inform us accordingly.
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Well income tax bracket has always been based on your earnings for the year minus any reliefs you can claim.
So you can predict what tax bracket you'll be in next year by predicting your income for this year and the reliefs you're entitled to.
Nothing else really changes.
If your income hasn't changed since last year, you're claiming the same reliefs, then your tax bracket will still be the same.