Budget 2023: Income tax rate down for those earning below RM100,000 | TheStarTV.com

Budget 2023: Income tax rate down for those earning below RM100,000

Published on 24 Feb 2023 6:57:20 PM

The personal income tax rate will be lowered from 17% to 15% for those in the RM35,000 to RM100,000 income band, said Finance Minister Datuk Seri Anwar Ibrahim when announcing the revised Budget 2023 on Friday (Feb 24).

However, those with higher earnings in the T20 group would incur more tax, which will be raised by 0.5% to 2%.

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Keywords
news, anwar ibrahim, income tax, finance minister, rate, low, b40, m40, finance minstry, t20

The personal income tax rate will be lowered from 17% to 15% for those in the RM35,000 to RM100,000 income band, said Finance Minister Datuk Seri Anwar Ibrahim when announcing the revised Budget 2023 on Friday (Feb 24).

However, those with higher earnings in the T20 group would incur more tax, which will be raised by 0.5% to 2%.

Read more at https://bit.ly/3IQ1sS6

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, anwar ibrahim, income tax, finance minister, rate, low, b40, m40, finance minstry, t20

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