Tax Rates 2024 Ato. The australian tax office (ato) collects income tax from working australians each financial year. From july 1 2024, the 37 per cent marginal tax rate was to be abolished for those earning more than $120,000 a year, and the 32.5 per cent tax rate was to be reduced to 30 per cent for people earning between $45,000.

From july 1 2024, the 37 per cent marginal tax rate was to be abolished for those earning more than $120,000 a year, and the 32.5 per cent tax rate was to be reduced to 30 per cent for people earning between $45,000. Find our most popular tax rates and codes listed below or use search and then refine your results using the filters.