Tax Rates 2024 Ato

Tax Rates 2024 Ato. On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024. In february 2024 the parliament approved modified tax cuts for higher income earners, and to improve the tax scale for lower income earners.

Approximately 5.8 million individual 2024 tax returns have been lodged since 1 july 2024, which is an increase of around 1% compared with the same time last year. From 1 july 2023 to 30 june 2024.