🇦🇺 Australia Income Tax Calculator

Australia's financial year runs 1 July – 30 June.
e.g. FY2025-26 = 1 July 2025 to 30 June 2026

This calculator auto-selects the current FY based on today's date:
Before 1 July → previous FY
After 1 July → current FY

Taxable Income = Gross Income
− Salary Sacrifice Super
− Work-Related Deductions
− Other ATO-approved Deductions

$0 – $18,200 → 0% (tax-free threshold)
$18,201 – $45,000 → 16% (reduced from 19% in 2024)
$45,001 – $135,000 → 30% (reduced from 32.5%)
$135,001 – $190,000 → 37%
Over $190,000 → 45%

Low Income Tax Offset (LITO): up to $700
Low and Middle Income Tax Offset (LMITO): ended FY2021-22

Standard rate: 2% of taxable income

Exemptions / reductions apply for:
Low income earners (below ~$26,000 for singles)
Medicare Levy Exemption Certificate holders
Certain disability pensioners

Medicare Levy Surcharge (MLS): additional 1–1.5%
if income over $93,000 and no private hospital cover

Mandatory repayment on "repayment income" above threshold.
Rate increases with income (1% to 10%).
2025-26 minimum threshold: ~$54,435

Note: HECS repayment reduces take-home but NOT taxable income.
Repaid via tax return or PAYG withholding.

Up to $700 offset for incomes up to $37,500
Reduces by 5c per $1 over $37,500 → zero at $45,000
Then reduces by 1.5c per $1 from $45,000 → zero at $66,667

This effectively makes the tax-free threshold ~$26,000
for most low-income earners.

Employer must pay 11.5% Super Guarantee (2024-25)
Rising to 12% from 1 July 2025

Salary sacrifice reduces taxable income.
Super contributions taxed at 15% inside the fund
(lower than most people's marginal rate).

Concessional cap: $30,000/year (2024-25 & 2025-26)