Estimate your income tax for the 2025-26 financial year by bracket, including the Medicare levy and the low income tax offset.
Australia uses a progressive (marginal) system: each rate applies only to the income within its bracket. The first $18,200 is tax-free; income to $45,000 is taxed at 16%; to $135,000 at 30%; to $190,000 at 37%; and above $190,000 at 45%. Because of this, your average rate is lower than your top marginal rate — someone on $80,000 pays about 20.5% on average, not 30%.
On top of income tax, most residents pay the 2% Medicare levy on taxable income. Lower earners benefit from the Low Income Tax Offset (LITO) of up to $700, which directly reduces tax payable (not taxable income) and phases out by $66,667. These Stage 3 rates took effect on 1 July 2024; from 1 July 2026 the 16% bracket is legislated to fall to 15%.