Tax Rates 2024/24 Australia

Tax Rates 2024/24 Australia. From 1 july 2024, the payroll tax free threshold lifted from $700,000 to $900,000 for annual returns, and from $58,333 to $75,000 for monthly returns. Medicare levy surcharge income, thresholds and rates.


Tax Rates 2024/24 Australia

The bottom tax rate decreases from 19% to 16%. The changes will see taxpayers earning:.

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