Calculate your Australian income tax for 2024-25 financial year*
Calculate your income tax, Medicare levy, and HELP/HECS repayments based on current Australian tax rates. The tax-free threshold is $18,200 for Australian residents, and Medicare levy is 2% of your taxable income.
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| Component | Annual Amount | Monthly Amount | Rate/Description |
|---|---|---|---|
| Taxable Income | $80,000 | $6,667 | Gross income subject to tax |
| Income Tax | $0 | $0 | Based on tax brackets |
| Medicare Levy | $0 | $0 | 2% of taxable income (residents) |
| HELP/HECS Repayment | $0 | $0 | Income-based repayment rate |
| Take Home Pay | $0 | $0 | After-tax income |
Our expert brokers can help you navigate tax strategies, home loans, and investment planning. Get personalized advice tailored to your Australian financial situation.
The results from this calculator are indicative and are for general informational purposes only. They should not be taken as constituting professional advice.
The calculations are based on the accuracy of the data you have provided. The figures and formulae used within this calculator may change at any time without notice.
The information provided is not a substitute for professional financial advice. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances.
Liviti is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.
