Calculate Australian income tax for the 2024-25 financial year. Includes Medicare levy, low income tax offset (LITO), and take-home pay.
| Taxable Income | Tax |
|---|---|
| $0 – $18,200 | Nil |
| $18,201 – $45,000 | 19c for each $1 over $18,200 |
| $45,001 – $135,000 | $5,092 + 32.5c for each $1 over $45,000 |
| $135,001 – $190,000 | $34,342 + 37c for each $1 over $135,000 |
| $190,001+ | $54,682 + 45c for each $1 over $190,000 |
This calculator uses the 2024/25 Australian income tax rates as set by the ATO (Australian Taxation Office). The rates apply to Australian residents. Non-residents pay different rates without the tax-free threshold.
Important changes for 2024/25: The Stage 3 tax cuts came into effect on 1 July 2024. The 32.5% bracket was extended, and the top threshold for the 19% rate was increased. These changes benefit middle-income earners significantly.
The Medicare Levy of 2% applies to most taxpayers. Low-income earners may receive a Medicare Levy reduction or exemption. The Low Income Tax Offset (LITO) provides up to $700 in tax reduction for lower-income earners.