Calculate your take-home pay after income tax and Medicare Levy. Updated for the 2024/25 financial year including Stage 3 tax cuts.
Australia uses a progressive tax system where higher income is taxed at higher rates — but only on the income within each band, not your entire salary. The 2024/25 financial year includes the Stage 3 tax cuts, which significantly reduced the 19% band to 16% and expanded the 30% band threshold from $120,000 to $135,000.
| Taxable Income | Rate | Tax on This Band |
|---|---|---|
| $0 – $18,200 | 0% | Nil (tax-free threshold) |
| $18,201 – $45,000 | 16% | Up to $4,288 |
| $45,001 – $135,000 | 30% | Up to $27,000 |
| $135,001 – $190,000 | 37% | Up to $20,350 |
| $190,001+ | 45% | 45c per $1 over $190,000 |
The Medicare Levy is 2% of taxable income and funds Australia's public healthcare system. Low-income earners get a reduction or full exemption. An additional Medicare Levy Surcharge of 1–1.5% applies to higher earners without private hospital cover.
The Superannuation Guarantee rate for 2024/25 is 11.5% — rising to 12% from 1 July 2025. This is paid by your employer on top of your salary and goes into your nominated super fund. It does not reduce your take-home pay unless you make voluntary salary sacrifice contributions. On a $80,000 salary, your employer contributes $9,200 in super per year.
If you have a university HELP debt, repayments are made automatically through the tax system once you earn above $54,435 (2024/25 threshold). Repayment rates range from 1% at $54,435–$62,738, rising incrementally to 10% on incomes over $151,201. HELP repayments don't accrue interest but are indexed to CPI annually.
The revised Stage 3 tax cuts (effective 1 July 2024) reduced the 19% tax rate to 16% for incomes between $18,201 and $45,000, and lifted the 32.5% rate to 30% for incomes from $45,001 to $135,000. This delivered the largest tax relief to middle-income earners ($45,000–$120,000), with someone earning $60,000 saving approximately $1,179 per year compared to 2023/24.