Tax Rates 2024-25 Australian Government. โ a revised personal income tax tax scale applies from 1 july 2024. The financial year for tax purposes for individuals starts on 1st july and ends.
The government has legislated permanent tax cuts for all 13.6 million australian taxpayers from 1 july 2024 with the average annual tax cut being $1,888 (or $36 a week). A cut in the 19% tax rate to 16%,.