Ato Tax Brackets 2024/25. Starting from 1 july 2024, individual taxpayers will experience a reduction in certain tax rates and an adjustment in tax. Income tax on your gross earnings , medicare levy (only if you are using medicare) ,.
(1) if all outstanding tax returns are lodged prior to 31 october 2024, the lodgment due date should revert back to normal. All income received by individuals is taxed at progressive tax rates in australia.