Australian Income Tax Calculator

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Annual gross income

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Financial Year

Tax

Net Income

Annually

Monthly

Weekly

2024- 25

2023- 24

Difference:

2024- 2025 Financial Year Income Tax
Taxable income	Tax on this income
0 - $18,200	Nil
$18,200- $45,000	16c for each $1 over $18,200
$45,000-$135,000	$4,288 plus 30c for each $1 over $45,000
$135,000-$190,000	$31,288 plus 37c for each $1 over $135,000
$190,000 and over	$51,638 plus 45c for each $1 over $190,000

2023- 2024 Financial Year Income Tax
Taxable income	Tax on this income
0 - $18,200	Nil
$18,200- $45,000	19c for each $1 over $18,200
$45,000-$120,000	$5,092 plus 32.5c for each $1 over $45,000
$120,000-$180,000	$29,467 plus 37c for each $1 over $120,000
$180,000 and over	$51,667 plus 45c for each $1 over $180,000

Note: The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Calculations are meant as estimates only and it is advised that you consult with an Islamic finance broker about your specific circumstances.