SuperGuide

Superannuation and retirement planning information

Income tax calculator (2023–24 and 2024–25)

Income tax calculator (2023–24 and 2024–25)

Superannuation and tax are inextricably linked, and it is critical to be across how much income tax you pay so you can properly evaluate which super contribution strategies could make most sense to you, particularly since significant income tax cuts will be introduced from July 2024.

Enter your taxable income for 2023–24 or 2024–25 below and the calculator will show you what offsets you may be eligible for, as well as your marginal tax rate and how much income tax you effectively pay.

Important: SuperGuide’s income tax calculator should only be used as a guide and is for general information only. You should seek appropriate advice from a tax adviser, accountant or financial adviser before undertaking any investments or strategies with respect to your tax or superannuation interests.

SuperGuide has many guides that can help you reduce your tax and simultaneously boost your super.

To learn more about how income tax is calculated, including explanations of tax concepts such as taxable income, assessable income, deductions offsets, levies and surcharges, see the following SuperGuide articles:

Learn more about super and tax in the following guides:

Related topics

How super works Income tax Super and tax

IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Learn more

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