Simple Tax Calculator
Calculate how much income tax you'll be paying in Australia
Australian Tax Calculator 2024-25
Note: This calculator includes the standard 2% Medicare levy but excludes the Medicare Levy Surcharge and any tax offsets or rebates you may be entitled to. For precise tax advice, please consult a registered tax professional.
Everyone’s favourite subject – taxes! We’ve created this simple calculator to help you figure out how much you can expect to pay based on your income.
Keep in mind this is just a guide, and your personal circumstances might differ.
We also have a full post on taxes right here in case you want to dig deeper into the whole taxation system in Australia.
Australian Tax FAQs
When does the Australian financial year end?
The Australian financial year runs from 1 July to 30 June, with tax returns generally due by 31 October for individuals lodging their own returns, unless you’re registered with a tax agent who may have extended deadlines.
What is the Medicare levy and how is it calculated?
The Medicare levy is an additional 2% tax on your income that helps fund Australia’s public health system. Most Australians pay this levy on top of their regular income tax, with some low-income earners eligible for reductions or exemptions.
What are tax deductions and how do they work?
Tax deductions are expenses directly related to earning your income that reduce your taxable income. Common deductions include work-related expenses, home office costs, professional development, and charitable donations—keep receipts for all claims as the ATO may request evidence.
Do I need to lodge a tax return if I have a low income?
You may still need to lodge a tax return even with a low income. If you had any tax withheld from payments, are claiming offsets, or earned over the tax-free threshold ($18,200), you’ll generally need to lodge. Check the ATO website for specific requirements based on your circumstances.
