Income Bracket 2025. Below are the income tax brackets and rates for australian residents. Note the rates do not include the medicare levy of 2%.
The 2025 adjustments still include the seven tax brackets from 2024, but they increase the income ranges for each tax bracket to allow for inflation. On january 25, 2024, the australian government announced changes to individual income tax rates and thresholds, effective from july 1 this.
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