Ato Tax Brackets 2024/25. Tax rates in australia for the previous years: Last updated 28 september 2023.
The 2025 financial year starts on 1 july 2024 and ends on 30 june 2025. The announcement includes measures to:
The Financial Year For Tax Purposes For Individuals Starts On 1St July And Ends On 30 June Of The Following Year.
Please note, the above ato tax rates do not include the medicare levy which increased from 1.5% to 2% from july 1, 2014.
Itโs Important To Note That These Projections Are Based On Currently Legislated Rates And Are Subject To Change.
The tax brackets have been changed to the following:
Posted 24 Jan 2024, Updated 27 Feb 2024.
Images References :
These Changes Are Now Law.
Last updated 28 september 2023.
Individuals Pay Tax At 19% On Earnings Between $18,201 And $45,000, 32.5 Per Cent For Earnings Between $45,001 And $120,000, 37 Per Cent For Earnings Between $120,001 And $180,000, And 45 Per Cent For Every Dollar Earned Over That.
What you can do with this calculator.