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Tax calculator

Australian tax calculator

How much tax should I pay

Step 1. Calculate your income tax using the tax calculator.

Step 2. Consider deductions like salary sacrifice to super, they can reduce the amount of tax you will pay.

Step 3. Ensure your employer has your Tax File Number so your weekly or monthly PAYE tax is not set too high.

Tip

Plan early! Ideally at the start of the financial year with your tax accountant.

Tax scales

Depending on your taxable income, salary sacrificing may reduce the amount of tax you pay. Read more about how salary sacrifice works.

Taxable incomeTax on this income
0 - $18,200 Nil
$18,201 - $37,000 19c for each $1 over $18,200
$37,001 - $87,000 $3,572 plus 32.5c for each $1 over $37,000
$87,001 - $180,000 $19,822 plus 37c for each $1 over $87,000
$180,001 and over $54,232 plus 45c for each $1 over $180,000

These rates do not include the Medicare levy of 2%.

Please note this calculator will be updated shortly to include EOFY 2017 legislation changes.

Calculate your taxCalculate your employee's tax

  1. Step 1. My Details
  2. Step 2. My Results

Add an entry for each separate job

Are you an Australian resident? Is the employee an Australian resident?i
Have you provided your tax file number to your employer? Has the tax file number been provided to the employer?
Are you exempt from providing a TFN? Is the employee exempt from providing a TFN?i
Is this your main job?Is the tax-free threshold being claimed?i
Are you claiming an exemption from the Medicare levy?Is an exemption from the Medicare levy being claimed?i

You may be eligible for an exemption if:

  • you are not an Australian resident, or
  • you did not reside in a country that has a reciprocal healthcare agreement with Australia, or
  • you are an Australian citizen but have lived overseas for 5 years or more, or
  • you are a New Zealand citizen but have lived in Australia for less than six months

Note: this is separate from the medicare surcharge. Private health insurance does not affect your requirement to pay the medicare levy.

Are you claiming a full exemption or half-exemption?A full exemption or half-exemption?i
Are you claiming a reduction in the Medicare levy?Is an reduction to the Medicare levy being claimed?i

You may claim a medicare reduction if:

  • your income is greater than $21,335 and
  • you had a spouse (married or de facto), or
  • you had sole custody of one or more dependent children or students

A dependent child is:

  • any child under 21 who was not a full time student, or
  • any child under 25 who was a full time student
Do you have a spouse?Does the employee have a spouse?i

A spouse is:

  • another person with whom you were in a registered relationship, or
  • another person who lived with you on a genuine domestic basis in a relationship as a couple
Does your spouse earn more than $100 per week?Does their spouse earn more than $100 per week?
Do you have a HELP / HECS debt?Does the employee have a HELP / HECS debt?i

An accumulated HELP debt includes any unpaid HECS‑HELP, FEE‑HELP, VET FEE‑HELP, OS‑HELP and SA-HELP debts.

It also includes any Higher Education Contribution Scheme (HECS), Postgraduate Education Loan Scheme (PELS), Open Learning Deferred Payment Scheme (OLDPS) and Bridging for Overseas-Trained Professionals Loan Scheme (BOTPLS) debts you incurred before 2005.

Do you have a Financial Supplement debt?Does the employee have a Financial Supplement debt?i

The Student Financial Supplement Scheme (SFSS) was a voluntary loan scheme for tertiary students to help cover their expenses while they study.

The SFSS closed on 31 December 2003 and no new loans have been issued. Existing Financial Supplement debts will continue to be collected through the tax system.

Are you claiming a tax offset?Is the employee claiming a tax offset?i

Mature age workers, seniors and pensioners may be eligible for tax offsets. You may also be eligible for an offset if you receive income from a superannuation income stream.

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Assumptions

total annual breakdowntotal weekly breakdown

Tax withheld

Net pay

Gross earnings $52,000

Assumptions apply

Here's an idea

You could reduce tax if you salary sacrifice to super

Income tax & Medicare savings $468
Less contributions tax $196
Net annual savings $273

Current

$178
$178

New

$178
$178
$178

Salary Sacrifice

Tax paid

Take home pay

At retirement
this could add an extra

$43,620

Looking good?

Talk to your employer or super fund about setting up salary sacrifice

New calculation
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Assumptions
Purpose and assumptions

This calculator generates information about how your taxable income and retirement outcome are influenced by salary sacrifice. This is based on certain assumptions.

Limitations

Your taxable income and retirement outcome will be affected by many things including the amount of contributions you make, fees, investment returns and regulatory changes. Some factors that may affect your retirement outcomes may not have been taken into account.

Outcome is based on your contributions being made annually, at the mid-year point, on your fees being deducted annually and your investment returns being credited to your account annually.

This is a Model, not a Prediction

The tool is not intended to be relied upon for the purposes of making a financial decision. Consider a fund’s product disclosure statement (PDS) and your objectives, financial situation and needs, which are not accounted for in this information, before making an investment decision.

You are responsible for your own investment decisions and should obtain specific, individual advice from a financial services licensee before making any financial decisions.

This is a Model, not a Prediction

The tool is not intended to be relied upon for the purposes of making a financial decision. Consider a fund’s product disclosure statement (PDS) and your objectives, financial situation and needs, which are not accounted for in this information, before making an investment decision.

You are responsible for your own investment decisions and should obtain specific, individual advice from a financial services licensee before making any financial decisions.

This calculator will help you to calculate the tax you owe on your taxable income for the 2017/18 tax year. This is based on some assumptions, which can be found at the assumptions link on the next page. Remember! Your retirement outcome will be affected by many things including the amount of contributions you make, fees, investment returns and regulatory changes. Some factors that may affect your retirement outcomes may not have been taken into account.

Projection Calculator

Retirement Needs Calculator