Tax Rates 2024-25 Australia Tax Rates

Tax Rates 2024-25 Australia Tax Rates. On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024. Use the simple tax calculator to work out just the tax you owe on your taxable income for the full income year.

Medicare levy of 2% applies (not applicable to low income earners). Find out about the different tax rates if you’re a foreign resident, a working holiday maker, or under age 18 on the ato website.