The PSG forward came off the bench in their 2-0 win over Croatia at Anfield, but Sunday's game marks the first time Neymar starts since February, having missed the final months of the Ligue 1 season with a metatarsal fracture.
Neymar netted a goal in the Anfield victory seven days ago and is looking to prove his fitness to international head coach Tite ahead of the tournament.
Gabriel Jesus is once again preferred in attack, with Liverpool forward Roberto Firmino left on the bench.
New Manchester United signing Fred will not be involved after being assessed by team doctors, however, the team are optimistic he will be fit in time for the beginning of the World Cup.
Inter defender Miranda will wear the armband against Austria as Tite continues to rotate the captaincy throughout the team rather than picking one guaranteed captain for the tournament.
Brazil XI: Alisson; Danilo, Silva, Miranda, Marcelo; Paulinho, Casemiro, Coutinho; Willian, Gabriel Jesus, Neymar.
Austria XI: Linder, Dragovic, Hinteregger, Arnautovic, Alaba, Baumgartlinger, Prodl, Schopf, Grillitsch, Lainer, Schlager.