ATO-aligned FY2024-25 tax calculator including LITO offset and Medicare levy.
⚠ Estimates only — consult a registered tax agent for formal advice.
Low Income Tax Offset reduces tax for those earning under $66,667. Maximum offset is $700 for incomes up to $37,500.
Yes — the Medicare Levy of 2% is included in the calculation. Low-income earners below $26,000 are exempt.