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 TFN so your weekly or monthly PAYE tax is not set too high.
Plan early! Ideally at the start of the financial year with your tax accountant.
If your salary sacrifice drops your taxable income into a lower bracket you could pay less tax! Read more about how salary sacrifice works.
|Taxable income||Tax on this income|
|0 - $18,200||Nil|
|$18,201 - $37,000||19c for each $1 over $18,200|
|19c for each $1 over $18,200||$3,572 plus 32.5c for each $1 over $37,000|
|$80,001 - $180,000||$17,547 plus 37c for each $1 over $80,000|
|$180,001 and over||$54,547 plus 45c for each $1 over $180,000|
These rates do not include the:
- Medicare levy of 2%
- Temporary Budget Repair Levy which is 2% for taxable incomes over $180,000.