ATO is the Australian Taxation Office which provides the various tax tables for the reference of the employers. These tables are designed to assist the employers to calculate the amount of tax to be deducted from the salary of the employee. These Australia Fortnightly Tax Table 2024-2025 can be of 7 days (weekly), 14-15 days (Fortnightly) and 30-31 days (Monthly). These tables are available on the official webpage of ATO which is www.ato.gov.au. These tables can be downloaded by anyone in the PDF format. Now Let’s see the Fortnightly Tax Table 2024-2025 Australia, rates and codes for the year 2024-2025.
Australia Fortnightly Tax Table 2024-2025
From July 1, 2024 the various changes will be implemented. The fortnightly table provides the figures to the employers for the determination of the amount to be deducted from the employee salary or wages. These amounts of taxes are determined after 2 weeks as per the Fortnightly Tax Table. The Fortnightly amount of tax is based on the income of the employee every 2 weeks. This Australia Fortnightly Tax Table 2024-2025 will be applied to any following income:
- Salary
- Wages
- Allowances
- Paid parental leave
- Director’s fee
- Labour-hire worker payment
- Religious Practionaries Payment
- Government Education or Training Payments and many more.
| Title | Australia Fortnightly Tax Table 2024-2025 |
| Year | 2024-2025 |
| Country | Australia |
| Name of the Organization | Australian Taxation Office- ATO |
| Tax Table | Fortnightly (15 days) |
| Beneficiaries for Table | Employers |
| Category | Financial Aid |
| Official Webpage | www.ato.gov.au |
ATO Fortnightly Tax Table and Codes
Some Changes are made in the thresholds and the rate. These changes will effect from July 1, 2024. These changes are as follows:
- 19% Tax Rate reduced to 16% for the taxable amount $18,201-$45,000. In 2023 the tax rate was 19% and now it has changed to 16%.
- 32.5% Tax Rate reduced to 30% for the taxable amount $45,001-$1,20,000. In 2023 the tax rate was 32.5% and now it has changed to 30%.
- The Threshold limit is increased from $1,20,000 to $1,35,000 for the tax rate 37%.
- The Threshold limit is increased from $1,80,000 to $1,90,000 for the tax rate 45%.
Let’s see the Tax rate table for year 2023-2024 and Fortnightly Tax Rate 2024-2025 Australia PDF:
Fortnightly Tax Rate 2024-2025 Australia
| Income Taxable | Rate of Tax | Calculation of Tax |
| 0 – $18,200 | nil | nil |
| $18,201 – $45,000 | 19% | 19% of each $ excess over $18,200 |
| $45,001 – $1,20,000 | 32.5% | $5,092 + 32.5% of each $ excess over $45,000 |
| $1,20,001 – $1,80,000 | 37% | $29,467 + 37% of each $ excess over $120,000 |
| $1,80,001 or more | 45% | $51,667 + 45% of each $ excess over $180,000 |
Australia Fortnightly Tax Rate 2024-2025 PDF
| Income Taxable | Rate of Tax | Calculation of Tax |
| 0 – $18,200 | nil | nil |
| $18,201 – $45,000 | 16% | 16% of each $ excess over $18,200 |
| $45,001 – $1,20,000 | 30% | $4,288 + 30% of each $ excess over $45,000 |
| $1,20,001 – $1,80,000 | 37% | $31,288 + 37% of each $ excess over $135,000 |
| $1,80,001 or more | 45% | $51,638 + 45% of each $ excess over $190,000 |
ATO Fortnightly Tax Table Revisions
The revisions are made for the tax cuts. Let us know the tax cut with following examples:
Let us take the example of a registered nurse who earns $90,000. How much tax will be cut by the employer in 2024-25? The answer is $1929 as refer to the below tax cut revision table.
Let’s take one more example where Alice and John are working and they earn income of $90,000 and $70,000 respectively. Now the question is how much tax will be cut in 2024-2025 jointly for both? The tax cut on income $90,000 is $1929 and the tax cut on the income $70,000 is $1429. Then the joint tax cut for Alice and John will be $1929 + $1429 = $3,358 in 2024-2025. Check the table below for calculation.
| Income | Original Tax Cut | Revised Tax Cut | Difference |
| $20,000 | $0 | $0 | $0 |
| $30,000 | $0 | $354 | $354 |
| $40,000 | $0 | $654 | $654 |
| $50,000 | $125 | $929 | $804 |
| $60,000 | $375 | $1179 | $804 |
| $70,000 | $625 | $1429 | $804 |
| $80,000 | $875 | $1679 | $804 |
| $90,000 | $1125 | $1929 | $804 |
| $1,00,000 | $1375 | $2179 | $804 |
| $1,20,000 | $1875 | $2679 | $804 |
| $1,40,000 | $3275 | $3729 | $454 |
| $1,60,000 | $4675 | $3729 | -$946 |
| $1,80,000 | $6075 | $3729 | -$2,346 |
| $2,00,000 | $9075 | $4529 | -$4,546 |
| $2,50,000 | $9075 | $4529 | -$4,546 |
FAQ On Australia Fortnightly Tax Table 2024-2025
The Australia Fortnightly tax table determines the figures or amount to be deducted from the employee salary.
The link is provided above for your reference. The employer can also download the tax table from the official webpage of ATO which is www.ato.gov.au.
No, the fortnightly tax table is designed for the employees who are paid every 2 weeks.
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