New Tax Brackets 2025-25

New Tax Brackets 2025-25. The amount of gross income you can earn before you are liable to paying income tax Put simply, tax brackets determine how much tax you owe based on your income, and knowing how they operate can help you manage your finances more strategically.

The financial year for tax purposes for individuals starts on 1st july and ends on 30 june of the. Here, we explain how tax.