Tax Brackets Australia 2024-24
Tax Brackets Australia 2024-24. Most returns are processed within 50 days. The new plan spreads cuts across the existing tax brackets, reducing the 32.5 bracket to 30 per cent, and increasing the thresholds for tax brackets.
The tax rate for income between $120,001 and $180,000 is 37 cents for each dollar over $120,000. The new plan spreads cuts across the existing tax brackets, reducing the 32.5 bracket to 30 per cent, and increasing the thresholds for tax brackets.