Bit Depth

Bit Depth (bits per pixel) Number of colours or tones
1 2
2 4
3 8
4 16
6 64
8 256
16 65,536
24 (3 x 8 ) 16,777,216
32 4,294,967,296

Colour Lookup Tables (LUTs) give you a choice of more colours

One stores only the index to a set of colours chosen amongst a larger set

E.g. : 16 bit pictures, choosing amongst millions of colours instead of thousands
a 300x200 image could anyway need up to 60,000 colours!