🇦🇺 calculators.australiaIncomeTax
descriptions.australiaIncomeTax
💵 Income Details
Net Annual Income
$81,000
≈ $52,258
$6,750 per month ($4,355)
Income Tax
$7,200
Marginal Rate: 16.0%
results.medicareLevy
$1,800
2% of taxable income
Superannuation
$10,350
11.5% (Employer)
Take Home Pay
$81,000
After Tax & Medicare
Tax Breakdown
Key Concepts
Tax Brackets
Australia uses a progressive tax system. The first $18,200 is tax-free for residents.
Medicare Levy
Most residents pay 2% of their taxable income to fund the public health system.
Superannuation
Employers must contribute 11.5% (2024-25) of your earnings to your retirement fund.
Tax System Details
Australia's income tax system is administered by the Australian Taxation Office (ATO).
Stage 3 Tax Cuts (2024-25)
From 1 July 2024, updated tax brackets apply. The 19% rate drops to 16%, the 32.5% rate drops to 30%, and the 37% threshold increases.
Tax-Free Threshold
Australian residents for tax purposes generally do not pay tax on the first $18,200 of income.
Low Income Tax Offset (LITO)
You may be eligible for a tax offset if you earn up to $66,667. The maximum offset is $700.
Frequently Asked Questions
What is the Medicare Levy?
The Medicare levy is 2% of your taxable income. Low-income earners may pay a reduced rate or be exempt.
Is Superannuation deducted from my salary?
No, the Superannuation Guarantee (SG) is paid by your employer *on top* of your salary. However, some employment contracts are quoted as "Total Remuneration Package" (TRP) which includes super. This calculator assumes the salary entered excludes super.