Ato Individual Tax Rates 2024 . On 25 january 2024, the government announced changes to individual income tax rates and thresholds from 1 july 2024. Set to take effect from 1 july 2024, the australian taxation office (ato) has announced significant amendments to the marginal tax rates.
Individual’s marginal tax rate, plus an excess concessional contributions charge. Changes to the individual income tax rates and thresholds from 1 july 2024 are proposed to be as follows:
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