Tax Rates

2024-2025 Tax Rates

Below is the tax rates for 2024-25 that apply from 1 July 2024:

Please note, ATO tax rates below do not include the Medicare levy which has increased from 1.5% to 2% from 1 July 2014.

Taxable income Tax on this income
0 - $18,200 Nil
$18,201 to $45,000 16c for each $1 over $18,200
$45,000 to $135,000 $4,288 plus 30c for each $1 over $45,000
$135,000 to $190,000 $31,288 plus 37% for each $1 over $135,000
$190,000 and over $51,638 plus 45% for each $1 over $190,000

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