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New Tax Brackets 2024 Australian Tax. Tax rates (old & new regime): For instance, the 22% tax bracket for single filers applies to $50,650 of income for the 2023 tax year (i.e., income from $44,726 to $95,375), but it applies to $53,375 of income for 2024 (i.e.

Discover the essential details on the australian tax changes effective from 1 july 2024. New tax brackets 2024 australia fran charmaine, the financial year for tax purposes for individuals starts on 1st july and ends.