The government has decided to bring down the income tax rate from 24 per cent to 18 per cent, Co-Cabinet Spokesman and Information & Communications Technology, Higher Education, Technology & Innovations Minister Bandula Gunawardane said yesterday. Addressing a news briefing, he said any form of monthly earning of Rs.250,000, Rs.500,000 and Rs.750,000 and above would be imposed an income tax of 6 per cent, 12 per cent and 18 per cent respectively.