Tax Slab Australia 2024. The new stage 3 tax cuts will bring about several changes to tax rates and thresholds in the 2024/25 financial year compared to the current year (2023/24). The financial year for tax purposes for individuals starts on 1st july and ends on 30 june of the.
The new tax regime also levies lower tax rates on the same gross income compared with tax liability calculated under the old tax regime. New tax tables are available from ato.gov.au/taxtables.