8,200:** Nil - **8,201 – $45,000:** 16% of the amount over 8,200 - **$45,001 – 35,000:** $4,288 plus 30% of the amount over $45,000 - **35,001 – 90,000:** $31,288 plus 37% of the amount over 35,000 - **90,001 and over:** $51,638 plus 45% of the amount over 90,000 Note: These rates do not include the 2% Medicare Levy, which applie"}}]}

What are the individual income tax rates in Australia for 2024–25?

For the 2024–25 financial year, Australia implemented 'Stage 3' tax cuts, changing the tax brackets. For Australian residents, the rates are: - **$0 – $18,200:** Nil - **$18,201 – $45,000:** 16% of the amount over $18,200 - **$45,001 – $135,000:** $4,288 plus 30% of the amount over $45,000 - **$135,001 – $190,000:** $31,288 plus 37% of the amount over $135,000 - **$190,001 and over:** $51,638 plus 45% of the amount over $190,000 Note: These rates do not include the 2% Medicare Levy, which applies to most taxpayers. The tax-free threshold of $18,200 means you generally pay no income tax if your total taxable income is below this amount.

  • Tax-free threshold: $18,200
  • New 16% and 30% brackets introduced/expanded in 2024
  • Top marginal rate remains 45% (above $190,000)
  • Does not include the 2% Medicare Levy
  • Apply to your total income (business + other)