Australia Tax Calculator 2024-25
Calculate your Australian income tax for 2024-25 using current tax rates, Medicare levy, and deductions.
Australian Tax Results
Tax Bracket Breakdown
Complete the form above to see your tax calculation and bracket breakdown
How Australian Income Tax Works
Understanding the progressive tax system, deductions, and how your tax liability is calculated
Progressive Tax Brackets System
How Australian Tax Brackets Work
- • Each bracket only applies to income within that range
- • You don't pay your highest rate on all income
- • Lower brackets are "filled up" first before higher rates apply
- • This creates a fairer, graduated tax system
2024-25 Tax Brackets
| Taxable Income | Rate |
|---|---|
| $0 – $18,200 | 0% |
| $18,201 – $45,000 | 16% |
| $45,001 – $135,000 | 30% |
| $135,001 – $190,000 | 37% |
| $190,001+ | 45% |
⚠️ 2025 Rate Change Coming
Starting July 1, 2025, the lowest federal tax rate will be reduced from 15% to 14.5% on the first $57,375 of income (Budget 2024 legislation).
About Australian Tax Calculator
Important information about this calculator and its limitations
Official 2024-25 Australian Tax Calculator
This calculator estimates your Australian income tax for the 2024-25 financial year using the official tax rates from the Australian Taxation Office (ATO). The Australian financial year runs from July 1, 2024, to June 30, 2025.
What This Calculator Includes
- Income Tax: Progressive tax brackets and rates for 2024-25
- Medicare Levy: Standard 2% of taxable income (can be disabled)
- Tax Deductions: Reduces your taxable income before tax is calculated
- Tax-free Threshold: First $18,200 of income is tax-free
What's Not Included
- Medicare Levy Surcharge: Additional 1-1.5% for higher income earners without private health insurance
- HELP/HECS Debt Repayments: Student loan repayments that may apply
- Tax Offsets: Like the Low and Middle Income Tax Offset (LMITO) or Low Income Tax Offset (LITO)
- Superannuation: Mandatory retirement contributions
Important Disclaimer
This calculator is for estimation purposes only and should not replace professional tax advice. Actual tax liabilities may vary based on individual circumstances, additional income sources, and other factors not covered by this simplified calculation.
Frequently Asked Questions
Common questions about Australian income tax
What is the tax-free threshold?
The tax-free threshold is the first $18,200 of your income each financial year on which you don't pay income tax. This equates to earnings of $350 per week, $700 per fortnight, or $1,517 per month.
What is the Medicare Levy?
The Medicare Levy is a 2% tax on your taxable income that helps fund Australia's public health system (Medicare). Most Australian taxpayers pay the Medicare Levy unless they qualify for specific exemptions or reductions.
Does this calculator include state taxes?
No, this calculator shows federal income tax only. Each state and territory may have different taxes (like payroll taxes or land taxes) that are separate from federal income tax. This calculator focuses only on federal Australian income tax.
What deductions can I include?
Common Australian tax deductions include work-related expenses, self-education costs, donations to registered charities, union fees, and professional memberships. This calculator uses your total deductions amount to reduce your taxable income.
When do the 2024-25 tax brackets apply?
The 2024-25 tax brackets apply to income earned in the Australian financial year from July 1, 2024 to June 30, 2025. These rates will be used when lodging your 2024-25 tax return by October 31, 2025.
What about tax offsets?
This calculator includes the basic tax-free threshold. Other tax offsets (like the Low Income Tax Offset, Senior Australians and Pensioners Tax Offset) are not included in this simplified calculation but would reduce your actual tax liability.