The 1st of July 2024 marks the commencement of the so-called stage 3 tax cuts reflected in the tax scales.
The learn more about the nature of the tax cuts and the preceding history go here.
The rates shown here are those applicable for adult residents, for each of the years 2023-24 and 2024-25.
The Tax Scales – How They Compare
| Taxable Income | 2023-24 Tax Scale | 2024-25 Tax Scale |
| 0 to $18,200 | Nil | Nil |
| $18,201 to $45,000 | 19c for each $1 over $18,200 | 16c for each $1 over $18,200 |
| $45,001 to $120,000 | $5,092 plus 32.5c for each $1 over $45,000 | |
| $45,001 to $135,000 | $4,288 plus 30c for each $1 over $45,000 | |
| $120,001 to $180,000 | $29,467 plus 37c for each $1 over $120,000 | |
| $135,001 to $190,000 | $31,288 plus 37% for each $1 over $135,000 | |
| $180,001 and over | $51,667 plus 45c for each $1 over $180,000 | |
| over $190,000 | $51,638 plus 45% for each $1 over $190,000 |
How this works to reduce tax at specific levels is best seen with a calculator. For the purposes of comparison, the medicare levy and tax offsets are ignored.
Comparison Tax Calculator
Enter your income to calculate the tax for 2023-24 and 2024-25.
This page was last modified 2024-04-09