| Year of Income (YI) | Year of Assessment (YA) | (Personal Allowance) | Amount of Deduction | NIS | Medical & Life Insurance Premium | Threshold Rates on Chargeable Income |
| 2007 | 2008 | $336,000 | 33 1/3% | |||
| 2008 | 2009 | $420,000 | 33 1/3% | |||
| 2009 | 2010 | $420,000 | 33 1/3% | |||
| 2010 | 2011 | $420,000 | 33 1/3% | |||
| 2011 | 2012 | $480,000 | 33 1/3% | |||
| 2012 | 2013 | $600,000 | 33 1/3% | |||
| 2014 | 2015 | $600,000 | – | 30% | ||
| 2015 | 2016 | $600,000 | 5.6%
Jan. – Sept.-$170,812 Oct-Dec. -$200,000 |
– |
30% | |
| 2016 | 2017 | $660,000 | 5.6%
(maximum of $220,000) |
– | 30% | |
| 2017 | 2018 | $720,000
On Income under ($2,160,000) |
1/3
On Income above ($2,160,000) |
5.6%
(maximum of $220,000)
|
– |
28% on the First $1,440,000 of Chargeable Income 40% on the Balance remaining of Chargeable Income |
| 2018 | 2019 | $720,000
On Income under ($2,160,000)
|
1/3
On Income above ($2,160,000) |
5.6% (maximum of $240,000) |
– |
28% on the First $1,440,000 of Chargeable Income
40% on the Balance remaining of Chargeable Income |
| 2019 | 2020 | $780,000
On Income under ($780,000*3 =$2,340,000)
|
1/3
On Income above ($2,340,000) |
5.6% (maximum
Jan $240,000 Feb-Dec $256,800)
|
– |
28% on the First $1,560,000 of Chargeable Income
40% on the Balance remaining of Chargeable Income |
| 2020 | 2021 | $780,000
On Income under ($780,000*3 =$2,340,000)
|
1/3
On Income above ($2,340,000) |
5.6% (maximum of $280,000) |
– |
28% on the First $1,560,000 of Chargeable Income
40% on the Balance remaining of Chargeable Income |
| 2021 | 2022 | $780,000
On Income under ($780,000*3 =$2,340,000)
|
1/3
On Income above ($2,340,000) |
5.6% (maximum of $280,000) | – | 28% on the First $1,560,000 of Chargeable Income
40% on the Balance remaining of Chargeable Income |
| 2022 | 2023 | On Income under
$900,000 ($900,000*3 =$2,700,000)
|
1/3
On Income above ($2,700,000) |
5.6% (maximum of $280,000) | Premium paid/10% of Gross Salary/$360,000 | 28% on the First $1,800,000 of Chargeable Income
40% on the Balance remaining of Chargeable Income |
| 2023 | 2024 | $1,020,000
On Income under ($1,020,000*3 =$3,060,000)
|
1/3
On Income above ($3,060,000) |
5.6% (maximum of $280,000) | Premium paid/10% of Gross Salary/$360,000 | 28% on the First $2,040,000 of Chargeable Income 40% on the Balance remaining of Chargeable Income |
January 31, 2023
