Tax Rates 2024-24 Australia. The undoubted headline of this year’s budget was the cut to personal tax rates, which was initially announced back in january 2024. This is to ensure the overall tax liability of the group in respect of profits in each country where it operates is at an effective tax rate of 15 per cent.

This simplified ato tax calculator will calculate your annual, monthly, fortnightly and weekly salary after payg tax deductions. Using the tax return for individuals 2024, you can lodge your tax return by paper.