Tax Brackets 2024/25 Australia
Tax Brackets 2024/25 Australia. The estimates in this tool are based on comparing 2023‑24 tax rates and thresholds with 2024‑25 tax rates and thresholds. Reflected in the above table are tax rate changes from the 2018 budget for the 2 years from 1 july 2022 to 30 june 2024, which include an expansion of the 19% rate to $41,000, and lifting.
That means your income is taxed in brackets and not at the marginal tax rate. (1) if all outstanding tax returns are lodged prior to 31 october 2024, the lodgment due date should revert back to normal.