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Tax and Income Calculator Australia
This table format presents the Australian income tax brackets for the 2023-24 financial year in a clear and organized manner, making it easier to understand how tax is calculated at different income levels.
| Taxable Income | Tax on This Income | Marginal Tax Rate |
|---|---|---|
| $0–$18,200 | Nil | 0% |
| $18,201–$45,000 | 19c for each $1 over $18,200 | 19% |
| $45,001–$120,000 | $5,092 plus 32.5c for each $1 over $45,000 | 32.50% |
| $120,001–$180,000 | $29,467 plus 37c for each $1 over $120,000 | 37% |
| $180,001 and over | $51,667 plus 45c for each $1 over $180,000 | 45% |