How is PAYG calculated?

For the 2024-2025 financial year, if you’re an Australian resident and your annual gross income is under $18,200, then you don’t have to pay tax. Income that is $18,201 and over is levied at different rates, see below:

*$18,200-$45,000 - 16% on each $1 over $18,200

*$45,000-$135,000 - $4288 plus 30% on each $1 over $45,000

*$135,000-$190,000 - $21,288 plus 37% on each $1 over $135,000

*$190,000+   $51,638 plus 45% on each $1 over $190,000