Australia Income Tax Calculator — FY 2024-25
Estimate your Australian resident income tax for the 2024-25 financial year using the Stage 3-modified brackets, the Low Income Tax Offset and the 2% Medicare Levy. See your net take-home pay, marginal rate and effective rate at a glance.
AUD
After income tax, LITO offset and Medicare Levy
20.49 %
effective rateNet income
79.5%
Income tax
18.5%
Medicare Levy
2%
How does this calculator work?
Australian resident income tax for FY 2024-25 uses modified Stage 3 brackets (0–45%), a Low Income Tax Offset of up to $700 and a 2% Medicare Levy. Enter your taxable income to see net take-home pay, marginal rate and effective rate. Figures are 2024-25 estimates.
Formula
How this is calculated
Australia taxes individual income on a progressive scale. From 1 July 2024 the Stage 3 tax-cut modifications took effect, changing the rates to 0 % on the first $18,200, 16 % on $18,201–$45,000, 30 % on $45,001–$135,000, 37 % on $135,001–$190,000 and 45 % on income above $190,000. Tax is computed on taxable income — gross income minus allowable deductions — and is applied bracket by bracket, not as a flat rate on the whole income.
Two adjustments apply. The Low Income Tax Offset (LITO) reduces the tax payable by up to $700 for incomes up to $37,500, then phases out at 5 cents per dollar until $45,000 (where it reduces to $325), and then at 1.5 cents per dollar until it reaches zero around $66,667 — helping low-to-middle earners. The Medicare Levy of 2% funds the public health system and applies to most residents; a full shade-in below roughly $26,000 is simplified here to zero levy below that threshold.
This calculator does not include HECS-HELP (student-loan) repayments, the Senior and Pensioners Tax Offset (SAPTO), private health insurance surcharge, or tax on investment income with different treatment (e.g. capital gains discount). For official figures and individual advice, consult the ATO website or a registered tax agent. FY 2024-25 figures only; the rates above are editable estimates if rates change.
Frequently asked questions
For residents in FY 2024-25 (from 1 July 2024): 0% on the first $18,200; 16% on $18,201–$45,000; 30% on $45,001–$135,000; 37% on $135,001–$190,000; 45% on income above $190,000. These are the Stage 3 modified rates introduced by the Albanese Government.
LITO is a non-refundable tax offset that reduces tax payable by up to $700 for incomes up to $37,500. It phases out at 5 c/$ between $37,501 and $45,000, reducing to $325, then at 1.5 c/$ between $45,001 and roughly $66,667 where it reaches zero.
This calculator omits HECS-HELP repayments, SAPTO (for seniors/pensioners), the private health insurance surcharge (Medicare Levy Surcharge), capital-gains tax discounts, and deductions you may claim. It is an estimate — use the ATO's official calculator or a tax agent for an exact figure.
Also known as
TG we-Calculate Editorial Team. (2026). Australia Income Tax Calculator — FY 2024-25 [Online calculator]. TG we-Calculate. https://we-calculate.com/calculator/income-tax-australia-calculator
TG we-Calculate Editorial Team. "Australia Income Tax Calculator — FY 2024-25." TG we-Calculate. 2026. https://we-calculate.com/calculator/income-tax-australia-calculator.
TG we-Calculate Editorial Team, "Australia Income Tax Calculator — FY 2024-25," TG we-Calculate, 2026. [Online]. Available: https://we-calculate.com/calculator/income-tax-australia-calculator
@misc{wecalculate_income_tax_australia_calculator, title = {Australia Income Tax Calculator — FY 2024-25}, author = {{TG we-Calculate Editorial Team}}, howpublished = {\url{https://we-calculate.com/calculator/income-tax-australia-calculator}}, year = {2026}, note = {TG we-Calculate} }
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