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Following announcements made in the 2018 Budget, a number of changes to the personal income tax rates were legislated. The tax scale changes take effect in the years from 1 July 2018 through to 1 July 2024.
Reflected in the table below, for the 2 years from 1 July 2022 to 30 June 2024 the 32.5% ceiling is lifted to $120,000.
The 2023-24 financial year runs from 1 July 2023 to 30 June 2024.
This tax table reflects the currently legislated rates. Please note that tax rates are subject to change according to changes in government policy.
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