2024 Tax Brackets Australia. The financial year for tax purposes for individuals starts on 1st july and ends on 30 june of the following year. Please note, the above ato tax rates do not include the medicare levy which increased from 1.5% to 2% from july 1, 2014.
Increased the threshold above which the 37 per cent tax rate applies from $120,000 to $135,000. Foreign resident tax rates 2020 to 2025.