Australian Tax Information & Guides | ATO Tax Brackets

Australia Tax Information

Tax Category:

Tax Year:

Income Tax Rates (Australian Resident - Tax Year )

Income Threshold	Tax Liability (Excluding Medicare Levy)	Marginal Tax Rate
Tax information for this category and year is not available.

* Note: The above rates do not include the Medicare levy, which is generally 2% of taxable income for most residents, subject to income thresholds and exemptions.

Important Information for Users:

Taxable Income: Your taxable income is your assessable income minus any allowable deductions.
Medicare Levy: Most Australian residents are subject to a 2% Medicare Levy. Higher income earners without private health insurance may also pay a Medicare Levy Surcharge (MLS).
Tax Offsets: You may be eligible for various tax offsets (e.g., Low Income Tax Offset, Low and Middle Income Tax Offset - ceased after 2021-22) which directly reduce the amount of tax you pay. These are not reflected in the marginal tax rates above.
Financial Year: The Australian financial year runs from 1 July to 30 June.
Disclaimer: This information is for general guidance only and should not be considered financial or tax advice. Please consult a qualified tax professional or the Australian Taxation Office (ATO) for personalized advice.