Calculate Your Australian Taxes 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
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 provincial taxes?
No, this calculator shows federal income tax only. Each province and territory has its own income tax rates that are added to the federal tax. Your total tax liability will be higher when provincial taxes are included.
What deductions can I include?
Common deductions include RRSP contributions, registered pension plan contributions, union dues, professional fees, and certain employment expenses. This calculator uses your total deductions amount.
When do the 2024 tax brackets apply?
The 2024 tax brackets apply to income earned in the 2024 tax year (January 1 - December 31, 2024). These rates will be used when filing your 2024 tax return in 2025.
What about tax credits?
This calculator includes the basic personal amount credit. Other tax credits (like CPP/EI, medical expenses, charitable donations) are not included in this simplified calculation but would further reduce your actual tax liability.