Tax Brackets Australia 2024-25
Tax Brackets Australia 2024-25. The following tax tables apply from 1 july 2023. Reduce the 19 per cent tax rate to 16. This initiative would have seen the 32.5% and 37% tax brackets merge into a single 30% bracket for incomes between $45,001 and $200,000. Salary, wages, allowances and leave loading to employees;
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