Individual Tax Rate 2024 Ato. Changes to the individual income tax rates and thresholds from 1 july 2024 are proposed to be as follows: The previously legislated tax scale adjustments to apply from 1 july 2024 remain unchanged.
The 32.5% tax rate decreases to 30%; The 1st of july 2024 marks the commencement of the stage 3 tax cuts.