Income Tax Australia Calculator
Calculate your Australian income tax, Medicare levy, and take-home pay for 2024-25
Australian Income Tax Calculator
Your annual taxable income after deductions
Affects tax rates and eligibility for offsets
Additional 2% levy for Medicare
Tax Calculation Results
Income Tax
$0$0
$0
0.0%
Resident
Medicare Levy
$02.0% (for most residents)
$23,226
Calculation includes: Australian resident tax rates with LITO offset, Medicare levy (2%)
Note: Based on 2024-25 tax year rates. Consult a tax professional for complex situations.
Tax Breakdown Analysis
Example Calculations (2024-25)
Example 1: Low Income Earner
Taxable income: $35,000
Tax before offsets: $3,192 (19% on income above $18,200)
LITO: $700 (full offset)
Income tax: $2,492
Medicare levy: $700
Total tax: $3,192
After-tax income: $31,808
Example 2: Middle Income Earner
Taxable income: $80,000
Tax before offsets: $16,467
LITO: $0 (no offset)
Income tax: $16,467
Medicare levy: $1,600
Total tax: $18,067
After-tax income: $61,933
Australian Tax Facts
Tax-Free Threshold
$18,200 for Australian residents
LITO Offset
Up to $700 for low income earners
Medicare Levy
2% of taxable income for residents
Tax Planning Tips
Non-residents don't get the tax-free threshold
Maximize super contributions to reduce taxable income
Keep receipts for work-related deductions
Financial year runs July 1 to June 30
Understanding Australian Income Tax
Australian Tax Brackets 2024-25
$0 - $18,200: 0% (tax-free threshold)
$18,201 - $45,000: 19%
$45,001 - $120,000: 32.5%
$120,001 - $180,000: 37%
$180,001+: 45%
Low Income Tax Offset (LITO)
Up to $37,500: Full $700 offset
$37,501 - $45,000: Reduced by 5¢ per dollar
$45,001 - $66,667: Reduced by 1.5¢ per dollar
$66,667+: No offset
Non-Resident Tax Rates
Non-residents for tax purposes don't receive the tax-free threshold and pay different rates:
$0 - $120,000: 32.5%
$120,001 - $180,000: 37%
$180,001+: 45%
Medicare Levy
Rate: 2% of taxable income
Threshold: $23,226 (2024-25)
Eligibility: Australian residents only
Exemptions: Available for some visa holders