The 2027 financial year starts on 1 July 2026 and ends on 30 June 2027.
Tax Scale 2026-27
| Taxable Income | Tax On This Income |
| 0 to $18,200 | Nil |
| $18,201 to $45,000 | 15c for each $1 over $18,200 |
| $45,000 to $135,000 | $4,020 plus 30c for each $1 over $45,000 |
| $135,000 to $190,000 | $31,020 plus 37% for each $1 over $135,000 |
| over $190,000 | $51,370 plus 45% for each $1 over $190,000 |
The above tables do not include Medicare Levy or the effect of any Low Income or Low and Middle Income tax offsets.
There are low income and other full or partial Medicare exemptions available. A Medicare Levy Surcharge may also be applicable and is applied on a progressive basis if eligible private health insurance cover is not maintained.
Note: These tax rates are as set forth in the Federal Budget of 2025, for which legislation has now been passed. The Coalition Opposition parties have apparently pledged to reverse the tax cuts, should they be in a position to do so after the forthcoming 2025 general election.
2026-27 Tax Calculator
* Calculator Notes: Calculations are estimates based on currently announced tax rates applying to a future period and could change before then in accordance with changes in government policy. Rounding errors may be present in the calculated results. Medicare: For the purposes of estimation the calculator assumes a Medicare exemption up to the single income earner exemption threshold for 2024-25 which is $27,222.
The Medicare percentage selection box is included to enable adjustment. The current Medicare income exemption levels can be reviewed here. LITO: The full value of LITO on lower levels of income is $700, however it is not refundable, and so the actual credit is limited to the amount of tax payable. See LITO info here.
This page was last modified 2025-03-25