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Free calculator · Current rates

Income tax calculator 2025–26

Estimate your tax, Medicare levy and refund on the current resident rates — then see what a deduction is actually worth at your marginal rate.

How is Australian income tax calculated?

Taxable income is your assessable income less allowable deductions. Tax is then applied on the progressive resident scale — nil to $18,200, 16% to $45,000, 30% to $135,000, 37% to $190,000 and 45% above that — plus the 2% Medicare levy. Offsets and credits (PAYG withheld, franking credits, foreign tax offsets) reduce the final amount. Your marginal rate is what matters for decisions: it's the rate every additional dollar of income is taxed at, and the rate every extra deduction saves you.

  • Current resident rates and thresholds
  • Shows marginal and average rate
  • Estimates refund or amount owing
  • Nothing is sent or stored — it runs in your browser

Calculator

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What your marginal rate means in practice

If you earn $95,000, your marginal rate is 30% plus 2% Medicare. A $1,000 deduction you'd forgotten is worth $320 back. A $1,000 concessional super contribution instead saves the same $320 in personal tax and pays 15% in the fund — a net benefit of $170 on that thousand dollars, with the trade-off that the money is preserved.

This is also why bracket boundaries matter for timing. Someone whose income will cross $135,000 this year but not next has a genuine reason to consider whether a discretionary expense falls before or after 30 June.

What this calculator excludes

  • Offsets — low income tax offset, seniors and pensioners offset, private health rebate.
  • Medicare levy surcharge — an extra 1%–1.5% for higher earners without private hospital cover.
  • HELP and student loan repayments, calculated on repayment income.
  • Division 293 — an additional 15% on concessional contributions above $250,000 of income.
  • Non-resident and working holiday maker rates, which have no tax-free threshold.

For anything beyond a straightforward salary position, the estimate is a starting point rather than an answer.

Resident tax rates — 2024–25 and 2025–26 income years
Taxable incomeTax on this income
$0 – $18,200Nil
$18,201 – $45,00016c for each $1 over $18,200
$45,001 – $135,000$4,288 plus 30c for each $1 over $45,000
$135,001 – $190,000$31,288 plus 37c for each $1 over $135,000
$190,001 and over$51,638 plus 45c for each $1 over $190,000

FAQ

Questions about this calculator.

Are these the current tax rates?

Yes — the resident rates and thresholds applying from 1 July 2024, unchanged for the 2025–26 income year: nil to $18,200, then 16%, 30%, 37% and 45%. Older calculators still using the pre-2024 19% and 32.5% brackets will overstate your tax.

Why is my refund different from the estimate?

Usually offsets, the Medicare levy surcharge, a HELP debt, or income the ATO has data for that you haven't included — bank interest, dividends, share or crypto disposals. Prefill often reveals income people forget.

Does it handle sole trader income?

Enter net business profit as income. It won't calculate PAYG instalments, the small business income tax offset or personal services income adjustments, so treat it as indicative for business taxpayers.

Is my data sent anywhere?

No. The calculation runs entirely in your browser — nothing is submitted, logged or stored.

Written & reviewed by

Tax Accountant Brisbane Team

CPA-qualified accountants & registered tax agents

Our Brisbane team has prepared thousands of individual, small-business and SMSF returns since 2015. Every guide on this site is written, fact-checked and updated against current ATO rulings and legislation.

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