Personal Tax Calculator (AU)
Estimate your Australian income and personal tax rates using our online calculator. The calculator is up to date for the 2024-2025, 2023-2024, and all the way back to the 2017-2018 financial years. All tables, tax brackets and rates have been extracted from the Australian Tax Office (ATO).
How to use the personal income tax calculator?
Understand your tax situation using our Australian income and personal tax rates calculator. All you need to do is to select the relevant tax year, and then fill out your income amount with or without superannuation, any annual bonuses, student loans and private hospital cover status. Our calculator automatically determines your relevant tax bracket and rates based on your income and personal situation, and outputs the results in a weekly, fortnightly, monthly and annual format for you to review.
*It is important to note that the calculations or estimates provided here are for informational purposes only and should not be considered as financial advice. It is recommended that you consult with a qualified accountant or financial advisor before making any decisions based on the information provided.
Calculator inputs and their definitions
- Tax year: this is the financial year that your income will be assessed. For 2023 - 24, this is from the 1st July 2023 to 30th June 2024.
- Income (pre-tax): this is the amount of income you have earned before any tax expenses. The calculator will accept amounts with or without superannuation.
- Annual bonus: any additional income you have earned for the tax year outside of the income you have already declared.
- Student loan: check the box if you have an outstanding student loan such as HELP (formerly HECS), VSL, etc.
- Private hospital cover: if you are currently paying for private patient hospital covered by a registered health insurer you will be able to avoid the Medicare levy surcharge (MLS). If you do not have this level of cover, you may have to pay the MLS based on your income threshold. See the tables below to learn more about the Medicare levy and surcharge.
ATO tax tables and rates for the 2023 - 2024 financial year
The tables, tax brackets and rates below have been extracted from the Australian Taxation Office.
Australian resident tax rates
Your income tax is the amount of tax payable on the income you have earned during the tax year based on the Australian Resident Tax Rates. It does not include the Medicare Levy or Medicare Levy Surcharge (this is calculated separately).
| Taxable income | Tax on this income |
|---|---|
| $0 - $18,200 | $0 |
| $18,201 – $45,000 | 19c for each $1 over $18,200 |
| $45,001 – $120,000 | $5,092 plus 32.5c for each $1 over $45,000 |
| $120,001 – $180,000 | $29,467 plus 37c for each $1 over $120,000 |
| $180,001 and over | $51,667 plus 45c for each $1 over $180,000 |
Medicare levy
The medicare levy is 2% of your taxable income. You may be able to get a reduction or exemption based on your income and circumstances.
Medicare levy surcharge (MLS)
The medicare levy surcharge varies based on your situation. This can be avoided if you have taken the appropriate level of private hospital cover for the tax year.
| Tier | Single threshold | Family threshold | Medicare levy surcharge |
|---|---|---|---|
| Base | $93,000 or less | $186,000 or less | 0.00% |
| 1 | $93,001 – $108,000 | $186,001 – $216,000 | 1.00% |
| 2 | $108,001 – $144,000 | $216,001 – $288,000 | 1.25% |
| 3 | $144,001 or more | $288,001 or more | 1.5% |
Superannuation rates
This is the minimum superannuation contribution an employer must provide to you. It is calculated as a percentage of your ordinary time earnings.
| Tax year | General super guarantee | Super guarantee for Norfolk Island |
|---|---|---|
| 2023 - 24 | 11.0% | 8.0% |
| 2024 - 25 | 11.5% | 9.0% |
| 2025 - 26 | 12.0% | 10.0% |
| 2026 - 27 | 12.0% | 11.0% |
It is important to note that your superannuation contributions must be paid by your employer on at least a quarterly basis.
| Quarter | Period |
|---|---|
| 1 | 1 July – 30 September |
| 2 | 1 October – 31 December |
| 3 | 1 January – 31 March |
| 4 | 1 April – 30 June |
There is also a maximum super contributions base, such that employers do not need to match the super guarantee for income amounts above this limit.
| Tax year | Income per quarter |
|---|---|
| 2023 - 24 | $62,270 |
| 2024 - 25 | $65,070 |
Student loan repayment rates
These are the compulsory repayments for anyone with outstanding HELP, VSL, SFSS, SSL, ABSTUDY SSL, and TSL loans. As your income increases, the percentage of your income put towards your student loan repayments increase.
| Repayment income | Repayment rate |
|---|---|
| Below $51,550 | $0 |
| $51,550 - $59,518 | 1.0% |
| $59,519 - $63,089 | 1.5% |
| $63,090 - $66,875 | 2.5% |
| $66,876 - $70,888 | 3.0% |
| $70,889 - $75,140 | 3.5% |
| $75,141 - $79,649 | 4.0% |
| $79,650 - $84,429 | 4.5% |
| $84,430 - $89,494 | 5.0% |
| $89,495 - $94,865 | 5.5% |
| $94,866 - $100,557 | 6.0% |
| $100,558 - $106,590 | 6.5% |
| $106,591 - $112,985 | 7.0% |
| $112,986 - $119,764 | 7.5% |
| $119,765 - $126,950 | 8.0% |
| $126,951 - $134,568 | 8.5% |
| $134,569 - $142,642 | 9.0% |
| $142,643 - $151,200 | 9.5% |
| $151,201 and above | 10% |
An example scenario
Harry is a 28-year-old professional living in Sydney, Australia with an income of $100,000 per year (pre-tax, excluding super) and does not receive any bonuses at work. He wants to estimate his tax liability for the 2023-2024 tax year using our personal tax calculator. Harry has no student loan and does not have private health insurance.
Using the personal tax calculator, Harry's inputs are:
- Tax year: 2023 - 2024
- Income: $100,000 per year
- Annual bonus: $0
- Student loan: Yes
- Private hospital cover: No
The personal tax calculator will automatically determine Harry’s superannuation contributions, total tax and subsequently his income (after tax).
Harry’s taxable income is his income excluding his super. In this case it is $100,000 per year.
Harry’s superannuation contribution is calculated at the minimum super guarantee (11% of his taxable income for the 2023 - 2024 tax year).
- Annual superannuation contribution = $100,000 x 11% = $11,000
Harry’s total tax charges are determined based on the Australian income tax tables.
- Annual income tax = $5,092 + ($100,000 - $45,000) x 32.5c = $22,967 per year
- Student loan = 6% of $100,000 = $6,000 (the rates vary based on the income threshold)
- Medicare levy = 2% of $100,000 = $2,000
- Medicare levy surcharge (MLS) = 1% of $100,000 = $1,000 (the rates vary based on the income threshold)
Harry’s income (after tax) is calculated by taking the taxable income and subtracting the total tax charges
- Income (after tax) = $100,000 - $31,967 = $68,033