Tax Brackets For 2024 Nz Income. The calculator is updated with the latest tax rates and brackets as per the 2024 tax year in new zealand. Personal income tax threshold changes on 31 july.
The new tax thresholds will be $15,600 (up from $14,000 for the 10.5% rate), $53,500 (up from $48,000 for 17.5%) and $78,100 (up from $70,000 for 30%). Your calculation is showing a total gain that is less than your familyboost tax credit.