Tax Brackets 2024/2024 Australia. The undoubted headline of this year’s budget was the cut to personal tax rates, which was initially announced back in january 2024. Someone earning $200,000 this financial year will pay $60,667 in tax but this will decrease by $9075 to $51,592 next financial year after both the 32.5 per cent and 37 per cent.
These changes are now law. From 1 july 2024, the tax.