Australian Tax Rates 2024–25
Quick-reference for all key Australian tax rates, thresholds, and caps that applied for the 2024-25 financial year — every figure sourced from the same constants that power the site's calculators.
Income Tax Brackets
Resident individuals pay tax at marginal rates — each rate applies only to the slice of income inside its bracket. The Stage 3 rates that started on 1 July 2024 apply for 2024-25.
| Taxable income | Marginal rate | Tax payable at top of bracket |
|---|---|---|
| $0 – $18,200 | 0% | $0 |
| $18,201 – $45,000 | 16% | $4,288 |
| $45,001 – $135,000 | 30% | $31,288 |
| $135,001 – $190,000 | 37% | $51,638 |
| $190,001 – and over | 45% | — |
See how these brackets land on your own pay with the tax calculator or the take-home pay calculator.
Low Income Tax Offset (LITO)
Maximum $700 — automatically applied by the ATO. Reduces tax payable (not taxable income), lifting the effective tax-free threshold to about $22,575. LMITO ended 30 June 2022 and does not apply for 2024-25.
| Taxable income | LITO amount |
|---|---|
| $0 – $37,500 | $700 (maximum) |
| $37,501 – $45,000 | $700 less 5c per $1 above $37,500 |
| $45,001 – $66,667 | $325 less 1.5c per $1 above $45,000 |
| $66,668+ | Nil |
Medicare Levy
2% of taxable income for most Australian residents, with a shade-in range that phases the levy in above the low-income threshold.
Holders of a Medicare Entitlement Statement, certain visa categories, and low-income earners below the threshold may be exempt or reduced.
Medicare Levy Surcharge (MLS)
Applies to individuals and families without private hospital cover whose income exceeds the base threshold. Paid in addition to the standard 2% Medicare levy.
| Tier | Single income | Family income | Surcharge |
|---|---|---|---|
| Below threshold | Below $97,000 | Below $194,000 | No surcharge |
| Tier 1 | $97,001 – $113,000 | $194,001 – $226,000 | 1% |
| Tier 2 | $113,001 – $151,000 | $226,001 – $302,000 | 1.25% |
| Tier 3 | $151,001+ | $302,001+ | 1.5% |
HECS/HELP Repayment Rates
For 2024-25, HECS/HELP uses a percentage-based system — once your repayment income reaches $54,435, the rate applies to your total income, rising in steps as income increases.
| Repayment income | Rate (% of total income) |
|---|---|
| Below $54,435 | Nil |
| $54,435 – $62,850 | 1.0% |
| $62,851 – $66,620 | 2.0% |
| $66,621 – $70,618 | 2.5% |
| $70,619 – $74,855 | 3.0% |
| $74,856 – $79,346 | 3.5% |
| $79,347 – $84,107 | 4.0% |
| $84,108 – $89,154 | 4.5% |
| $89,155 – $94,503 | 5.0% |
| $94,504 – $100,174 | 5.5% |
| $100,175 – $106,185 | 6.0% |
| $106,186 – $112,556 | 6.5% |
| $112,557 – $119,309 | 7.0% |
| $119,310 – $126,467 | 7.5% |
| $126,468 – $134,056 | 8.0% |
| $134,057 – $142,100 | 8.5% |
| $142,101 – $150,626 | 9.0% |
| $150,627 – $159,663 | 9.5% |
| $159,664+ | 10.0% |
Project your own repayments and payoff timeline with the HECS repayment calculator.
Superannuation
Key rates and caps for the 2024-25 financial year.
Concessional contributions include employer SG, salary sacrifice, and personal deductible contributions. The non-concessional cap is nil once total super balance exceeds the $1,900,000 transfer balance cap. Model contribution strategies with the super projection calculator.
Other Key Rates
What changed from 1 July 2025
What changed after 2024-25
From 1 July 2025 the Super Guarantee rose to its legislated maximum and HECS/HELP moved to a marginal repayment system. The second-bracket income tax rate is also legislated to step down from 1 July 2026. For the current year, see the 2025-26 tax rates.
See how these rates apply to your salary
Enter your income to see your exact take-home pay, HECS repayment, super, and Medicare levy under the 2024-25 settings.
More reading
Related guides
Background reading on tax, super, and salary topics.
Frequently Asked Questions
What are the income tax brackets for 2024-25 in Australia?
How much tax do I pay on $80,000 in 2024-25?
What is the tax-free threshold in Australia for 2024-25?
What is the Medicare levy threshold for 2024-25?
What is the HECS repayment threshold for 2024-25?
What is the superannuation guarantee rate for 2024-25?
This reference page is for general information only. Tax rates are sourced from the ATO and are correct as at 1 July 2024. Rates and thresholds are subject to legislative change. Always consult a registered tax agent for advice on your specific circumstances.