2024 Tax Rates Table Australia. These tax rates apply to individuals who are australian residents for tax purposes. We produce a range of tax tables to help you work out how much to withhold from payments you make to your employees or other payees.

Medicare levy surcharge income, thresholds and rates. 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.