Tax Calculator Australia - Simple 2024 Income Tax

Income tax calculator

Find out the tax amount that should be withheld from your pay.

Income from wage or salary (before tax)

Your age

Financial year

Assumptions/Disclaimer

Income tax calculator

Find out the tax amount that should be withheld from your pay.

Your tax breakdown

$XX,XXX net income

$XX,XXX tax withheld

Total income before tax	$XX,XXX
Total taxes	$XX,XXX
Income tax	$XX,XXX
Medicare levy	$X,XXX
Help/Hecs	$X,XXX
Tax offsets (paid yearly)	$X,XXX
Net income	$XX,XXX

Super tax benefits

Superannuation tax rates are usually a lot less than regular tax on income. Top up your super and save tax by salary sacrificing.

Add to your super

Save $X,XXX in taxes a year

have an extra $X,XXX
at retirement

Assumptions/Disclaimer

Data sources
This calculator brings together publicly available Australian data and licenced data.
- Tax withheld tables - ATO
- Tax bracket tables - ATO
- Medicare rates - ATO
- Tax offset rates - ATO
- Superannuation tax rates - ATO
- Superannuation inflation guidance - ASIC
- Actuarial projection data – SGY
- Average superannuation fees - Industry SuperFunds

How our tax calculator can help you

Our simple tax calculator will estimate your income tax liability in Australia and the money you take home. It’s important to note that the income tax you pay weekly/fortnight/monthly depends on your income minus any immediate deductions like salary sacrifice and tax offsets. Your Australian Tax File Number makes this work so be sure to declare it! Most other deductions only yield a benefit after you lodge your tax return for the year.

Stage 3 tax cuts calculator: understand the impact on your net income from 2024 onwards

The new law implemented by the Australian government on the 1st of July 2024, known as ‘stage 3 tax cuts’, will significantly affect income tax calculations (and mean many Australians will pay less tax).

For example, if your salary was 120k a year, your tax rate was 37% under the previous tax law; with the new method in place, your new tax rate is only 30%.

You can estimate how these changes will affect your 2024-25 net salary using our calculator.

Viewing data from previous financial years

The tax calculator above also provides historical information for individuals looking to review their tax obligations for a particular year. It's helpful if you’re checking financial records in Australia. You can adjust the tool to provide calculations for the following financial years:

Financial year 2020-2021
Financial year 2021-2022
Financial year 2022-2023
Financial year 2023-2024
Financial year 2024-2025

Tax calculations by frequency

Whether you receive weekly, fortnightly, monthly or annual income, our tool can help you understand your tax obligations and how much net salary you’ll receive.

Use the tax calculator to make sure you’re paying the correct amount in tax and to be adequately prepared for end-of-year tax requirements.