Calculate Australian Medicare Levy (2% of taxable income) and Medicare Levy Surcharge (1-1.5% for high earners without private hospital cover). Exemptions for low incomes and certain groups. MLS thresholds 2024-25.
Enter the values for the scenario you are assessing. Calculate Australian Medicare Levy (2% of taxable income) and Medicare Levy Surcharge (1-1.5% for high earners without private hospital cover). Exemptions for low incomes and certain groups. MLS thresholds 2024-25. Use the medicare levy surcharge result to inform your calculation.