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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