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Income Tax Calculator Australia

ESTIMATE INCOME TAX

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Follow the steps below to use this income tax calculator:

              1. Enter you Salary Before Tax
              2. Select “Periodic Payment” below
              3. Select on the right side whether it Includes Superannuation
              4. Select Includes HELP Debt if it you are still repayment student loan
              5. Tick “Yes” to Non-Resident if it applies to you.
              6. Click “Calculate” for results.
 
 

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Income Tax calculator explained:

  1. 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.

  1. Select “Periodic Payment” below

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.

  1. Select on the right side whether it Includes Superannuation

If your salary is quoted as “a package” in your employment contract then this means your salary includes superannuation. This income tax calculator also re-calculates your superannuation so you know what your actual salary and superannuation are.
  1. 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.

  1. Tick on the right side if you are a Non-Resident

If you are non-resident for tax purposes in Australia, please select “Non-resident” so the income tax calculator will apply the foreign the resident tax rates.

  1. 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 income tax calculator does not cover:

  • Medicare levy surcharge: (1%-1.5%), an additional levy on individuals and families with higher incomes and do not have private health insurance.
  • any Low and Middle Income Tax Offset and Other Tax Offsets that you may be entitled to.
  • Generally, your employer would have deducted the income tax from your wages and paid it to the ATO.
  • Private Health Insurance Rebate
  • Working holiday makers’ tax obligations, income tax rates for working holiday makers visas can be found here.
  • First Home Super Saver (FHSS) scheme

Disclaimer

This income tax calculator is used for an estimate and basic guidance purposes only. Alternatively, you can use the ATO’s Simple Income Tax Calculator. The exact amount of your income tax can only be calculated when you lodge your income tax return.

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Other Free Tax Tools

Below are the list of [free] tax calculator and tools for individuals and sole traders:
individual income tax
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