Income Tax Calculator 2024–25

Enter your annual income to calculate your Australian income tax, Medicare levy, and take-home pay for the 2024–25 financial year, including the Stage 3 tax cuts.

$
$0 $500k

Include Medicare Levy

2% of taxable income (thresholds apply)

Your Tax Summary

Take-home pay (annual)

$63,718

Gross income $90,000
Income tax $20,797
Medicare levy $1,800
Effective tax rate 24.9%
Marginal tax rate 32.5%
Take-home: 71%
Tax + Medicare: 29%
Monthly take-home $5,310
Fortnightly take-home $2,451

2024–25 Australian Tax Brackets

The Stage 3 tax cuts took effect from 1 July 2024, reducing the 19% rate and restructuring higher brackets.

Taxable Income Tax on bracket
$0 – $18,200Nil
$18,201 – $45,00019c per $1
$45,001 – $135,000$5,092 + 32.5c
$135,001 – $190,000$34,292 + 37c
$190,001+$54,592 + 45c

Low Income Tax Offset (LITO) of up to $700 is automatically applied for residents.

What changed with the Stage 3 tax cuts?

From 1 July 2024, the Australian Government's revised Stage 3 tax cuts delivered meaningful relief across a wide range of incomes:

  • ✓The 19% rate was cut to 16% (effectively)
  • ✓The 32.5% threshold rose from $120k to $135,000
  • ✓The 37% threshold rose from $180k to $190,000
  • ✓Low and middle income earners received larger cuts than originally legislated

Medicare Levy & Low Income Tax Offset

Medicare Levy

The Medicare levy is 2% of your taxable income. You're exempt if income is below $26,000 (singles, 2024–25). A reduced levy applies between $26,000 and $32,500. High-income earners without private hospital cover may also pay the Medicare Levy Surcharge (1%–1.5%).

Low Income Tax Offset (LITO)

LITO reduces your tax payable by up to $700 if income is below $37,500. It phases out at 5c per dollar between $37,500 and $45,000, then at 1.5c per dollar up to $66,667. It does not reduce the Medicare levy.

Frequently Asked Questions

What is the tax-free threshold in Australia for 2024–25? +
The tax-free threshold is $18,200. You pay no income tax on the first $18,200 of taxable income. The Low Income Tax Offset (LITO) of up to $700 further reduces tax for incomes up to $66,667, effectively raising the tax-free threshold to around $21,887.
Do I have to pay the Medicare levy? +
Most Australian residents pay the Medicare levy of 2% on taxable income. You're exempt if income is below $26,000 (singles, 2024–25). A reduced levy applies between $26,000 and $32,500. Non-residents are not liable for the Medicare levy.
What is the Medicare Levy Surcharge? +
The Medicare Levy Surcharge (MLS) is 1%–1.5% extra tax for singles earning over $93,000 who don't hold private hospital cover. This calculator shows the standard Medicare levy only — add 1%–1.5% to the result if you're above the MLS threshold without private cover.
How much tax do I pay on $100,000? +
On $100,000 for 2024–25: income tax is $24,167 (before LITO), Medicare levy is $2,000. After LITO of $0 (fully phased out at this income), total tax is approximately $26,167 — an effective rate of 26.2%. Your take-home would be roughly $73,833.
How is the Low Income Tax Offset (LITO) calculated? +
LITO is $700 for incomes up to $37,500. It reduces by 5c per dollar between $37,500 and $45,000 (down to $325), then by 1.5c per dollar up to $66,667 where it phases out completely. It reduces your income tax payable but not the Medicare levy.

Disclaimer: This calculator provides estimates for general information purposes only based on 2024–25 ATO tax rates and does not constitute financial or tax advice. Results do not account for salary sacrifice, deductions, offsets other than LITO, or individual circumstances. Always consult a registered tax agent or accountant for personalised advice.