Income Tax Rates Changed for Individuals

By | | dmca News
dmca advisory - individual income tax rates

As part of government reform, the 2021 upper limits to marginal income brackets for individuals have increased as follows:

  • 19 per cent tax band increasing from $37,000 in 2020 to $45,000.
  • 32.5 per cent tax band increasing from $90,000 in 2020 to $120,000.

Source: https://www.ato.gov.au/rates/individual-income-tax-rates/

By |
dmca advisory - individual income tax rates

As part of government reform, the 2021 upper limits to marginal income brackets for individuals have increased as follows:

  • 19 per cent tax band increasing from $37,000 in 2020 to $45,000.
  • 32.5 per cent tax band increasing from $90,000 in 2020 to $120,000.

Source: https://www.ato.gov.au/rates/individual-income-tax-rates/

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