2025-26 tax rates
Your real take-home pay
See your income tax, Medicare levy and what actually hits your bank account — plus the tax cuts arriving 1 July 2026.
What's your real take-home pay?
Your income tax, Medicare levy, study loan and salary sacrifice — the honest number that actually lands in your account.
You take home
$67,012
per year ($67,012/year) — an effective tax rate of 21%.
Take-home
$67,012
Income tax
$16,288
Medicare
$1,700
Marginal rate: 30% — the tax on your next dollar earned.
Tax cuts are coming
From 1 July 2026 you'll pay $268 less a year (the 16% rate drops to 15%), rising to $536 less from July 2027 (14%). Already law.
Resident rates, 2025-26, incl. the 2% Medicare levy (with the low-income reduction). Excludes the Medicare levy surcharge, private health offsets and other offsets. A guide, not tax advice.