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⚡ Updated May 2026 · Covers the 2018–19 to 2026–27 tax years

Income tax calculator 2025–26

See exactly what you'll pay in income tax and the Medicare levy — and what lands in your pocket. Free and instant, with every tax year from 2018–19 right through to 2026–27.

💰 Your details

Enter your gross income before tax. Resident for tax purposes, full financial year.

⚡ 2026–27 uses the legislated 15% tax rate. Some thresholds for that year are not yet announced and are carried over from 2025–26.
$
$0$10M
Estimated take-home pay · 2025–26 tax year
$60,212 per year
Per month
$5,018
Per fortnight
$2,316
Per week
$1,158
Effective tax rate
19.7%
Marginal rate
32%
See the calculation step by step

Estimate only. Applies the ATO rates for the selected tax year. Excludes HELP/HECS debt, other offsets and income types. Not personal tax advice.

How income tax is calculated in Australia

Australia uses a progressive income tax system. You don't pay one flat rate on your whole income — instead, your income is split into bands, and each band is taxed at its own rate. Only the dollars that fall inside a higher band are taxed at that higher rate, so earning more never leaves you worse off overall.

For the 2025–26 financial year (1 July 2025 to 30 June 2026), these are the resident tax rates set by the Australian Taxation Office:

Taxable incomeTax on this income
$0 – $18,200Nil (the tax-free threshold)
$18,201 – $45,00016c for each $1 over $18,200
$45,001 – $135,000$4,288 + 30c for each $1 over $45,000
$135,001 – $190,000$31,288 + 37c for each $1 over $135,000
$190,001 and over$51,638 + 45c for each $1 over $190,000

These rates are unchanged from 2024–25. Selecting a different tax year in the calculator above applies that year's brackets, offsets and thresholds automatically. On top of income tax, most people also pay the Medicare levy of 2% of taxable income, which funds the public health system. Low-income earners pay a reduced levy or none at all.

The Medicare levy surcharge

If you earn above $101,000 as a single (or $202,000 as a family) and don't hold private patient hospital cover, you also pay the Medicare levy surcharge — an extra 1% to 1.5% on top of the standard levy. Holding hospital cover for the full year removes it entirely. Tick the box in the calculator to see the difference for your income.

The Low Income Tax Offset (LITO)

The Low Income Tax Offset reduces the tax bill of lower earners by up to $700. You get the full $700 if your taxable income is $37,500 or less; it then phases out and disappears once your income reaches $66,667. The calculator applies it automatically.

Calculating tax for past and future years

The year selector covers every financial year from 2018–19 to 2026–27. For 2018–19 through 2021–22 the calculator also applies the Low and Middle Income Tax Offset (LMITO) — a temporary offset of up to $1,080 (and up to $1,500 in 2021–22) that has since ended. Looking ahead, the 2026–27 year uses the legislated reduction of the lowest tax rate from 16% to 15%, which takes effect on 1 July 2026.

Marginal rate vs effective rate

Your marginal rate is the rate applied to your next dollar earned — the top band your income reaches. Your effective rate is the total tax you pay divided by your total income, which is always lower. For example, someone on $75,000 has a 30% marginal rate but an effective rate closer to 20%, because the first $45,000 of their income is taxed far more lightly.

Worked example: tax on $90,000

Here's how the calculator arrives at its numbers for a resident earning $90,000 in 2025–26, with private hospital cover:

Salary of $90,000

First $18,200 taxed at 0%$0
$18,201–$45,000 ($26,800) taxed at 16%$4,288
$45,001–$90,000 ($45,000) taxed at 30%$13,500
Income tax$17,788
Low Income Tax Offset$0
Medicare levy (2%)$1,800
Total tax$19,588
Take-home pay$70,412

That's an effective tax rate of about 21.8% — even though the marginal rate on the last dollar earned is 30% plus the 2% Medicare levy.

Frequently asked questions

How is income tax calculated in Australia for 2025–26?
Income tax is calculated using progressive tax brackets. The first $18,200 you earn is tax-free, then each band of income above that is taxed at a higher rate — 16%, 30%, 37% and 45%. Most people also pay a 2% Medicare levy on their taxable income.
What is the tax-free threshold?
For 2025–26 the tax-free threshold is $18,200. If you're an Australian resident for tax purposes, you pay no income tax on the first $18,200 you earn in the financial year.
How much is the Medicare levy?
The Medicare levy is 2% of your taxable income. Low-income earners pay a reduced rate or nothing — for singles in 2025–26 no levy applies below $27,222, with a reduced rate phasing in up to $34,027.
What is the Medicare levy surcharge?
It's an extra charge of 1% to 1.5% for higher earners who don't hold private patient hospital cover. For 2025–26 it starts above $101,000 for singles and $202,000 for families. Holding hospital cover for the full year removes it.
What is the Low Income Tax Offset (LITO)?
The LITO is a tax offset of up to $700 for lower-income earners. You receive the full amount if your taxable income is $37,500 or less; it then reduces gradually and cuts out at $66,667.
Can I calculate income tax for a previous year?
Yes — use the tax year selector at the top of the calculator. It covers every year from 2018–19 to 2026–27 and automatically applies the rules that were in force, including the Low and Middle Income Tax Offset (LMITO) for the years it was available.
What's the difference between my marginal and effective tax rate?
Your marginal rate is the rate charged on your next dollar of income. Your effective rate is your total tax divided by your total income — always lower, because your lower income bands are taxed at lower rates.
Does this calculator include HELP/HECS debt repayments?
Not yet. This calculator covers income tax, the Medicare levy, the Medicare levy surcharge and the LITO. Compulsory HELP/HECS repayments are handled by a separate HELP/HECS repayment calculator.

More Australian tax calculators

Part of a growing set of free, up-to-date calculators for Australian taxpayers.