AdSense 728 x 90 placeholder

🏦 Looking for tax-smart finance options?

Our broker network of 75+ lenders can help you structure your finances efficiently.

Referral partnership · Australian credit licence
🦘

Australian Tax Calculator

ATO-aligned FY2024-25 tax calculator including LITO offset and Medicare levy.

ATO 2024-25LITO + Medicare
take-home per year

⚠ Estimates only — consult a registered tax agent for formal advice.

FY2024-25 Tax Brackets

  • $0–$18,200 — 0%
  • $18,201–$45,000 — 19%
  • $45,001–$120,000 — 32.5%
  • $120,001–$180,000 — 37%
  • $180,001+ — 45%

LITO max $700 · Medicare 2%

AdSense 336 x 280 placeholder

About this tool

ATO-aligned FY2024-25 tax calculator including LITO offset and Medicare levy. MyCalcTools calculators are designed for quick everyday estimates with clear inputs, instant results and no account required. Results are provided for general information and planning, not as professional financial, medical, legal or trade advice.

How to use it

  1. Enter the values requested in the calculator fields.
  2. Choose the option that best matches your situation, unit or goal.
  3. Press the calculate button and review the result summary.
  4. Adjust your inputs to compare different scenarios.

Common use cases

  • Checking a quick estimate before making a decision.
  • Comparing two or more everyday scenarios side by side.
  • Planning budgets, meals, projects, dates or personal routines.
  • Double-checking manual calculations with a simple online reference.

Related Tools

💵 Pay Calculator 🎓 HECS-HELP 📋 BAS & GST 🏦 Superannuation

Frequently Asked Questions

Low Income Tax Offset reduces tax for those earning under $66,667. Maximum offset is $700 for incomes up to $37,500.

Yes — the Medicare Levy of 2% is included in the calculation. Low-income earners below $26,000 are exempt.