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Income tax, Medicare and allowances tax tables for 2023 as used on the Australia Tax Calculator on iCalculator. The 2023 tax calculator is designed to provide quick income tax calculations and salary examples. The tool is continually developed and refined in response to community requests, if you would like us to add more features, (income, expenses, different filing status, examples etc.) then please get in touch. The tool is designed to support people just like you, development is free, we simply ask that you help us to help you make tax more simple and transparent.
This page contains the personal income tax rates and threshods for 2023 and other associated tax tables used within the Australia salary and tax calculators on iCalculator. iCalculator also includes the following tax tables, if you would like us to add additional historical years, please get in touch.
Australia has a progressive tax system, which means that the higher your income, the more tax you pay. iCalculators Australia Tax Calculator provides a good example of income tax calculations for 2023, it includes historical tax information for 2023 and has the latest Australia tax tables included:
The following tax rates and thresholds are used directly in the Australia Tax Calculator, if you belive something is incorrect or would like to provide feedback, please contact us
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from $0.00 | to | $ 18,200.00 |
| 19% | Income from $ 18,200.01 | to | $ 45,000.00 |
| 32.5% | Income from $ 45,000.01 | to | $ 120,000.00 |
| 37% | Income from $ 120,000.01 | to | $ 180,000.00 |
| 45% | Income from $ 180,000.01 | and above | |
You may be eligible for a tax offset in 2023 if you are a low-income earner and you are an Australian resident for income tax purposes. If your taxable income is less than $ 66,667.00, you will get the low income tax offset. The maximum tax offset of $ 700.00 applies if your taxable income is $ 37,000.00 or less. This amount is reduced by $ 1.50 cents for each dollar over $ 37,000.00.
You may be eligible for a tax offset in 2023 if you are a low or middle income earner and you are an Australian resident for income tax purposes. The table below defines the Low and Middle Income Tax Offset (LMITO) income tax rates and thresholds for 2023
| Taxable Income | Tax Rate |
|---|---|
| Below $ 0.00 | $ 0.00 |
| $ 1.00 to $ 0.00 | $ 0.00 + 0% of the portion of your taxable income that exceeds $ 1.00 |
| $ 1.00 to $ 0.00 | $ 0.00 |
| $ 1.00 to $ 0.00 | $ 0.00 - 0% of the portion of your taxable income that exceeds $ 1.00 |
| $ 1.00 and over | LMITO does not apply |
Medicare Levy is applies to resident Australian taxpayers, it is calculated as a percentage of taxable income subject to minimum income thresholds.
| What | Tax Rate | Threshold |
|---|---|---|
| Medicare exempt | 0% | 0 to $ 22,398.00 (and those exempt) |
| Medicare 'Shade-in' | 10% | $ 22,399.00 to $ 26,668.00 |
| Basic Medicare Levy | 2% | $ 26,669.00 and over |
An increase to tax deductions is applied for each child claimed on the tax return:
| What | Amount |
|---|---|
| First Child | $ 1,786.00 |
| Additional children (per child) | $ 1,410.00 |
in the Australia Tax Calculator, Superannuation is simply applied at 11% for all earnings above $ 5,400.00 in 2023. Please contact us if you would like to have additional calculations for Superannuation factored in to this tool or wish to report any changes to the figures here or in the tables above.
You can calculate salary examples and tax commitments for each of those tax years using the advanced feature on the Australia Tax Calculator