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Australia Income Tax Calculator 2023-2024

Calculate your tax including LITO and Medicare Levy.

👤 Tax Residency & Year

My Tax Year

Residency Status

Medicare Levy?

Dependants

Private Health Cover? (Affects Surcharge - Note: Only Basic Levy modeled here for simplicity)

💰 Income & Deductions

Annual Gross Income ($)

Other Taxable Income ($)

Allowable Deductions ($)

📊 Tax Summary

Total Tax Payable

$0.00

Includes Medicare & LITO

Taxable Income $0.00

Base Income Tax $0.00

LITO Applied -$0.00

Medicare Levy $0.00

Average Tax Rate 0%

Net Income (After Tax) $0.00

2023-2024 Tax Rates (Resident)

Taxable Income	Tax on this Income
$0 – $18,200	Nil
$18,201 – $45,000	19c for each $1 over $18,200
$45,001 – $120,000	$5,092 + 32.5c for each $1 over $45,000
$120,001 – $180,000	$29,467 + 37c for each $1 over $120,000
$180,001 and over	$51,667 + 45c for each $1 over $180,000

LITO (Low Income Tax Offset)

Max offset of $700. Reduces for income > $37,500 and phases out fully at $66,667.

Medicare Levy

Most residents pay 2% of their taxable income. Low income threshold ~$24,276 (Single) applies.

Disclaimer: This calculator provides estimates based on 2023-2024 Australian tax rates (ATO) and is for informational purposes only. Actual tax liability may vary based on additional factors and specific circumstances.