Partly deliveredConfidenceHighMacroeconomy & IMF
Increase the annual tax threshold for individual income tax from Rs. 1.2 million to Rs. 2.4 million and revise the tax rates and tax brackets on a fair basis.
NPP 2024Source manifesto
Why this status
Partly delivered. The 2025 Inland Revenue amendment increased personal relief from Rs. 1.2 million to Rs. 1.8 million and revised income-tax bands from April 2025, but it did not reach the Rs. 2.4 million annual threshold promised in the manifesto.
Evidence timeline
Oldest first. Each item is labelled by whether it supports the promise being kept or cuts against it.
- 26 Mar 2025SupportsEnacted law
“The Inland Revenue Department says the 2025 amendment increased personal relief to Rs. 1.8 million for the 2025/2026 assessment year and revised individual tax rates from 1 April 2025.”
Open source - 26 Mar 2025AgainstEnacted law
“The enacted amendment sets personal relief at Rs. 1.8 million, below the manifesto target of Rs. 2.4 million.”
Open source
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