Australia Tax Calculator 2024-25
Calculate your Australian income tax with 2024-25 Stage 3 rates. Includes Medicare Levy, Medicare Levy Surcharge, and HECS/HELP repayment. See breakdown by year, month, fortnight, and week.
Take-home
A$70,412
A$5,868/mo
Income Tax
A$17,788
Medicare Levy
A$1,800
Effective Rate
21.8%
| Item | Yearly | Monthly |
|---|---|---|
| Gross Income | A$90,000 | A$7,500 |
| Income Tax | A$17,788 | A$1,482 |
| Medicare Levy (2%) | A$1,800 | A$150 |
| Net Pay | A$70,412 | A$5,868 |
💡 Tax-free threshold: First A$18,200 is tax-free. 2024-25 Stage 3 tax cuts applied.
Frequently Asked Questions
What are the Australian tax rates for 2024-25?
For FY 2024-25 (Stage 3 cuts): 0% on $0-$18,200 (tax-free threshold), 16% on $18,201-$45,000, 30% on $45,001-$135,000, 37% on $135,001-$190,000, and 45% above $190,000. These rates include the Stage 3 tax cuts that took effect 1 July 2024.
What is the Medicare Levy and Medicare Levy Surcharge?
The Medicare Levy is 2% of taxable income (exempt if income < ~$24,276). The Medicare Levy Surcharge (MLS) is an additional 1-1.5% if you earn above $93,000 and do NOT have private hospital cover. Getting private health insurance exempts you from MLS.
How is HECS/HELP repayment calculated?
HECS-HELP repayments are based on your repayment income (not debt balance). For 2024-25, repayments start at 1% when income exceeds $54,435 and increase progressively up to 10% for income above $159,663. The ATO calculates this through your tax return.
What is the tax-free threshold?
The first $18,200 of income is tax-free for Australian residents. If you earn below this amount, you pay no income tax. Non-residents do not receive the tax-free threshold and are taxed from the first dollar at different rates.
Is this calculator accurate for my tax return?
This calculator estimates tax using 2024-25 resident rates with Stage 3 cuts applied. It does not account for the Low Income Tax Offset (LITO), non-resident rates, capital gains, work deductions, or private health insurance rebate tiers. Use for planning and lodge via myGov/myTax for actual returns.