Income Tax Brackets 2024 Australia Single. Individuals paid tax at 19% on earnings between $18,201 and $45,000, 32.5 per cent for earnings between $45,001 and $120,000, 37 per cent for earnings between. The brackets are as follows:

 — effective 1 july 2024, the australian government has announced significant adjustments to individual income tax rates and thresholds. To work out how much tax is to be withheld from current income year payments.