Income Tax Brackets 2024 Namibia. An increase in the individual income tax threshold from nad 50,000 to nad 100,000 from 1 march 2024, along with adjustments in the tax brackets as follows: The most straightforward way to calculate effective tax rate is to divide the income tax expenses by the earnings (or income earned) before taxes.

Other adjustments in the tax brackets are as follows:. When john receives his monthly salary from his employer, the employer would have deducted this tax amount for him already for paye, and john would receive n$23,683.33 in his bank.