Marginal tax rates
Marginal (or stepped) tax rates are payable on your taxable income.
What are the marginal tax rates in 2024/25?
The following table summarises the tax rates that apply to residents in 2024/25.
| Taxable income | Tax payable (excludes Medicare levy) |
|---|---|
| $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 $120,000 |
| $190,001 + | $51,638 plus 45c for each $1 over $190,000 |
Source: Australian Taxation Office (ATO).
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General advice and information only
Any advice and information on this website is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.
Tax disclaimer
Any general tax information on this website is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.
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