Australian Tax Rates 2024 25. This weakness is the result of high interest rates with the reserve bank of australia (rba) raising rates by 425 basis points to 4.35% since may 2022 to tame inflation, which ran. Medicare levy of 2% applies (not applicable to low income earners).

Use the income tax estimator to work out your tax refund or debt estimate. These changes aim to provide relief to low and.