Need a fortnightly tax calculator Australia that will also calculate weekly, monthly, and annual income tax, PAYG withholding, superannuation, tax offsets, rebates, medicare levy, student loan repayment, private health insurance rebate, or surcharge?
FORTNIGHTLY TAX CALCULATOR AUSTRALIA:
Enter Salary Before Tax.
Select “Periodic Payment”.
Select whether the amount includes Super.
Select whether you have HELP/student loans.
Select whether you’re Non-Resident.
Click “Calculate” for results.
Tax Calculator from calculatorsonline.com.au
Calculator explained:
Enter your Salary Before Tax
If your salary is quoted as “a package” in your employment contract, this means your salary includes superannuation, this income tax calculator will re-calculates your gross salary, so that you’ll know your actual salary and superannuation.
Select “Periodic Payment”
Select “Periodic Payment” so that the calculator is able to calculate your tax in accordance with the ATO’s PAYG income tax withholding table. This selection will also produce weekly, fortnightly, monthly and annual results for you so you do not need to annualise it yourself.
Tick whether the amount includes Super
Select on the right side whether it Includes HELPT Debt
If you’re repaying student loans such as HELP or HECS debt, tick the “Yes” box and the tax calculator will show you what your student loan repayments will be.
Tick on the right side if you are a Non-Resident
If you are a non-resident for tax purposes in Australia, please select “Non-resident” so the income tax calculator will apply the foreign resident tax rates.
click “CALCULATE” on the left button.
Click calculate and this tax calculator will calculate your weekly, fortnightly, monthly and annually gross income, superannuation, PAYG withheld, HELP Debt, Medicare Levy and Low Income Tax Offset.
This tax calculator does not cover:
- Medicare levy surcharge: (1%-1.5%), an additional levy on individuals and families with higher incomes and who do not have private health insurance.
- any eligible Low, Middle Income Tax Offset and Other Tax Offsets.
- Private Health Insurance Rebate.
- Working holiday makers’ tax obligations.
- First Home Super Saver (FHSS) scheme
- PAYGW withheld by your employer.
- PAYG Installments you paid to the ATO.
Disclaimer:
This tax calculator provides estimates and basic guidance only. For precise calculations, complete our tax checklist. Your exact tax amount is determined once your return is prepared.
