1 July 2024 – 30 June 2025 · a past year
Tax brackets for 2024-25
Four of the five bands changed from 2023-24, thresholds as well as rates. Income tax starts at $22,576, not $18,201, once the low income tax offset is applied.
Rates verified against the official sources — how we check.
- Tax-free threshold
- $18,200
- by law
- Income tax really starts
- $22,576
- once the offset applies
- Top rate
- 45%
- over $190,000
- Medicare levy
- 2%
- on top of income tax
- Super guarantee
- 11.5%
- of ordinary time earnings
- Study loan repayments from
- $54,435
- one rate on the whole income
The 2024-25 resident rates
| Taxable income | Tax on this income |
|---|---|
| $0 – $18,200 | Nil |
| $18,201 – $45,000 | 16c 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 |
Income tax only, as the ATO publishes it for residents. The Medicare levy of 2% is charged on top, and the low income tax offset comes off the bottom.
What you pay at common incomes in 2024-25
| Taxable income | Income tax after the offset | Medicare levy | Total | Average rate | Against 2023-24 |
|---|---|---|---|---|---|
| $20,000 | $0 | $0 | $0 | 0.0% | No change |
| $30,000 | $1,188 | $277.80 | $1,465.80 | 4.9% | $476.20 less |
| $45,000 | $3,963 | $900 | $4,863 | 10.8% | $804 less |
| $60,000 | $8,688 | $1,200 | $9,888 | 16.5% | $1,179 less |
| $80,000 | $14,788 | $1,600 | $16,388 | 20.5% | $1,679 less |
| $100,000 | $20,788 | $2,000 | $22,788 | 22.8% | $2,179 less |
| $120,000 | $26,788 | $2,400 | $29,188 | 24.3% | $2,679 less |
| $150,000 | $36,838 | $3,000 | $39,838 | 26.6% | $3,729 less |
| $200,000 | $56,138 | $4,000 | $60,138 | 30.1% | $4,529 less |
| $250,000 | $78,638 | $5,000 | $83,638 | 33.5% | $4,529 less |
A single resident with no other offsets, on taxable income — what is left after deductions, not the salary on a contract.
Where tax really starts
The first rate, 16c in the dollar, begins above $18,200. But the low income tax offset takes up to $700 off the bill, and at 16c a dollar that covers the tax on the next $4,375 of income as well. So in 2024-25 no full-year resident pays income tax on a taxable income of $22,575 or less.
The Medicare levy has its own starting line: nothing up to $27,222 for a single person, then 10c for each dollar over it until that reaches 2% of the whole income.
The offset shrinks as income rises — it starts tapering above $37,500 and is gone by $66,667 — which is why the rate on the next dollar in that range is higher than the bracket rate printed above.
What changed from 2023-24
| What | 2023-24 | 2024-25 |
|---|---|---|
| Band 2 | 19c on $18,201 – $45,000 | 16c on $18,201 – $45,000 |
| Band 3 | 32.5c on $45,001 – $120,000 | 30c on $45,001 – $135,000 |
| Band 4 | 37c on $120,001 – $180,000 | 37c on $135,001 – $190,000 |
| Band 5 | 45c on $180,001 and over | 45c on $190,001 and over |
| Medicare levy low-income threshold (single) | $26,000 | $27,222 |
| Super guarantee rate | 11% | 11.5% |
| Concessional contributions cap | $27,500 | $30,000 |
| Maximum super contribution base | $62,270 a quarter | $65,070 a quarter |
| Study loan repayments | a single rate on all repayment income, from $51,550 | a single rate on all repayment income, from $54,435 |
Worked out by comparing the two years’ figures, so nothing else on this page changed between them. The 2023-24 page has that year in full.
Study loan repayments in 2024-25
2024-25 still used the old system, which worked nothing like a bracket. Once repayment income reached $54,435, a single rate applied to the whole of it, so moving into a higher band by one dollar raised the repayment on every dollar earned. The rate rose in steps from 1.0% to 10.0%.
| Repayment income | Repayment |
|---|---|
| $0 – $54,434 | Nil |
| $54,435 – $62,850 | 1.0% of all repayment income |
| $62,851 – $66,620 | 2.0% of all repayment income |
| $66,621 – $70,618 | 2.5% of all repayment income |
| $70,619 – $74,855 | 3.0% of all repayment income |
| $74,856 – $79,346 | 3.5% of all repayment income |
| $79,347 – $84,107 | 4.0% of all repayment income |
| $84,108 – $89,154 | 4.5% of all repayment income |
| $89,155 – $94,503 | 5.0% of all repayment income |
| $94,504 – $100,174 | 5.5% of all repayment income |
| $100,175 – $106,185 | 6.0% of all repayment income |
| $106,186 – $112,556 | 6.5% of all repayment income |
| $112,557 – $119,309 | 7.0% of all repayment income |
| $119,310 – $126,467 | 7.5% of all repayment income |
| $126,468 – $134,056 | 8.0% of all repayment income |
| $134,057 – $142,100 | 8.5% of all repayment income |
| $142,101 – $150,626 | 9.0% of all repayment income |
| $150,627 – $159,663 | 9.5% of all repayment income |
| $159,664 and over | 10.0% of all repayment income |
Repayment income is taxable income plus reportable fringe benefits, net investment losses and reportable super contributions, so for anyone with those amounts it is higher than taxable income. The HECS repayment calculator works it out from your pay.
The other figures that applied in 2024-25
| Medicare levy | 2%, from $27,222 for a single person |
|---|---|
| Low income tax offset | Up to $700, gone by $66,667 |
| Super guarantee | 11.5% of ordinary time earnings |
| Concessional contributions cap | $30,000 |
| Maximum super contribution base | $65,070 a quarter |
| Study loan repayments | From $54,435, as one rate on the whole repayment income |
| Standard deduction for work expenses | None in this year |
| Division 293 threshold | $250,000 of income plus concessional contributions |
Work out your own 2024-25 figures
The pay calculator answers for 2024-25 if you pick it in its tax year box: take-home pay, your study loan and super, all on these rates. Payjoey publishes withholding tables for 2026-27 only, so for 2024-25 the pay calculator works out the year's tax rather than each pay's. Your HECS repayment and any Division 293 tax have their own calculators.
Every year Payjoey holds
- Tax brackets for 2026-27 — the year in force
- Tax brackets for 2025-26
- 2024-25 (this page)
- Tax brackets for 2023-24
How the four years compare, and what each change was worth in dollars, is on the tax brackets overview.
Where these figures come from
- ATO — Tax rates for Australian residents
- ATO — Low income tax offset (QC105020)
- ATO — Super guarantee (QC18123)
- ATO — Study and training loan repayment thresholds and rates
- ATO — myTax 2025 instructions, Medicare levy reduction (applies 1 Jul 2024 – 30 Jun 2025)
Kept on purpose as a past year: these are the 2024-25 figures and will not be updated to a later year. How we check sets out how every figure on this site is verified.