In England, the40 percent income tax begins the moment an individual earns above 50,271 pounds in the year 2024/25. It is applicable to the taxable income such as the salaries, the business income, and the rental profits. Any earnings beyond this level are accountable at the superior rate of 40 per cent and incomes earned beyond the level of 125,140 pounds are phoned at the rate of 45 per cent. The tax that is charged is also layered, implying that only the value above a certain threshold is charged with the specific rate and not the incoming amount altogether.