Work out your Australian income tax for any financial year from 2020-21 to 2026-27, and see how the same income would have been taxed in every other year.
What you would have paid on this income in each financial year. Your selected year is highlighted.
| Year | Tax | Take-home | vs selected |
|---|
Australian tax rates have changed twice in recent years. The Stage 3 restructure landed on 1 July 2024, and the lowest rate fell again on 1 July 2026. LMITO, worth up to $1,500, ended after 2021-22, which is why many people suddenly owed money in 2022-23.
Rates of 19%, 32.5%, 37% and 45%. LMITO applied, worth up to $1,080 then $1,500.
Same rates, but LMITO was gone. Tax bills rose by up to $1,500 with no change in income.
Stage 3 restructure: 16%, 30%, 37% and 45%, with thresholds moved to $135,000 and $190,000.
The lowest rate dropped from 16% to 15%, worth up to $268 a year.
Resident individual rates. These figures exclude the 2% Medicare levy.
| Taxable income | Tax on this income |
|---|
If you are lodging a return now, pick 2025-26, the year that ended 30 June 2026. If you are checking your current pay, pick 2026-27. If you are amending an old return, pick the year that return covers. Individuals generally have two years from the date of assessment to amend.
LMITO, the low and middle income tax offset, ended after 2021-22. It was worth up to $1,500 for people earning between $48,000 and $90,000. When it disappeared, tax bills rose by that amount with no change in income or rates. Switch between 2021-22 and 2022-23 above to see the effect on your own figures.
It depends on your income. The 2024-25 restructure cut the second rate from 19% to 16%, cut the third from 32.5% to 30%, and lifted the top two thresholds to $135,000 and $190,000. Compare 2023-24 with 2024-25 in the table to see your own figure.
The rate on income between $18,201 and $45,000 fell from 16% to 15%. Because that band is $26,800 wide, the maximum saving is $268 a year, and anyone earning above $45,000 gets the full amount.
Yes. Rates for a completed financial year never change afterwards, so the figures for 2020-21 through 2025-26 are fixed. Only the current year can be affected by new legislation.
Estimate only. This calculator assumes an Australian resident individual for the full financial year. It does not include the Medicare levy surcharge, private health insurance rebate, SAPTO, capital gains, foreign income or business income.
It is general information, not tax advice. For advice on your circumstances, speak to a
registered tax agent.
Rates last verified: 9 September 2026.
