Josi Lavinie

2024 Tax Brackets Australian Income. 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 and $200,000. This calculator can also be used as an australian tax return calculator.

Reduced the 32.5 per cent tax rate to 30 per cent. What is included in assessable income?