Tax Rates 2024/25 Ato Rates

Tax Rates 2024/25 Ato Rates. Here are some tables setting out the current rates for 2023/24 and 2024/25 and also what that means in terms of tax payable. $50,000 fhss withdrawal at a marginal tax rate of 45% (in 2023/23) will amount to $41,500 after fhss taxes.

The government typically provides tax cuts based on income levels. The income tax brackets and rates for australian residents for next financial year and subsequent financial years are listed below.