Calculate your Australian income tax, Medicare levy, and net take-home pay using the latest ATO tax brackets and offsets for the 2025–26 financial year.
| Annual | Monthly | Fortnightly |
|---|
Tax rates below apply to Australian resident individuals for the 2025–26 financial year (1 July 2025 – 30 June 2026).
| Taxable Income | Tax Rate | Tax on this bracket |
|---|---|---|
| $0 – $18,200 | 0% | Nil |
| $18,201 – $45,000 | 19% | 19c for each $1 over $18,200 |
| $45,001 – $135,000 | 32.5% | $5,092 + 32.5c for each $1 over $45,000 |
| $135,001 – $190,000 | 37% | $34,342 + 37c for each $1 over $135,000 |
| Over $190,000 | 45% | $54,642 + 45c for each $1 over $190,000 |
A 2% Medicare levy applies to taxable income above the low-income threshold ($26,000 for individuals in 2025–26). The Medicare Levy Surcharge (MLS) of 1%–1.5% applies if you earn above $93,000 (single) and don't have private hospital cover.
The LITO provides up to $700 tax offset for incomes up to $37,500, reducing by 5c per dollar between $37,500–$45,000, then 1.5c per dollar between $45,000–$66,667.
Compulsory HECS/HELP repayments begin at 1% of income once your repayment income exceeds $54,435 and increase progressively up to 10% for incomes above $159,664.