Calculation based on the following tax table

2024/25 Australian Individual Income Tax Rates

Taxable income          Tax on this income

0 – $18,200                 NIL
$18,201 – $45,000      16c for each $1 over $18,200
$45,001 – $135,000    $4,288 plus 30c for each $1 over $45,000
$135,001 – $190,000  $31,288 plus 37c for each $1 over $135,000
$190,001 and over     $51,638 plus 45c for each $1 over $190,000

The above rates do not include the Medicare levy of 2% or the Temporary Budget Repair Levy of 2% on taxable incomes over $180,000. Rates source Australian Government Taxation Office.
This information is not financial advice and is for illustrative purposes only. It’s always a good idea to get independent taxation advice.