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In Australia, income from both first and second jobs is taxed according to the same income tax rates. The tax you pay is based on your total taxable income for the financial year, which includes income from all sources.

Tax Rates and Thresholds for the 2023-2024 Financial Year

Here’s a simplified breakdown of the individual income tax rates:

1. Taxable Income up to $18,200: 0% (Tax-free threshold)
2. $18,201 to $45,000: 19%
3. $45,001 to $120,000: 32.5%
4. $120,001 to $180,000: 37%
5. Over $180,000: 45%

Key Points

• Tax-free Threshold: You can earn up to $18,200 without paying any income tax. If you have multiple jobs, you can only claim this threshold from one employer, usually your primary job.
• Higher Tax Rate for Second Job: If you exceed the tax-free threshold with your second job, it may be taxed at a higher rate. Employers often withhold tax at the highest rate if you don't claim the tax-free threshold with them.