Income tax in Australia is the most important revenue stream within the Australian taxation system. Income received by individuals is taxed at progressive tax rates in Australia and below you will find the latest income tax rates, and the income tax rates for the previous financial year...
Medicare provides Australian residents with affordable, accessible and high quality health care. To help fund such scheme, most taxpayers pay a Medicare levy of 1.5% of their taxable income. However you might be eligible for Medicare levy reduction or Medicare levy exemption. If your income is above a certain threshold - Medicare levy surcharge may apply.
After devastating floods in Queensland in 2011 Australian Government has introduced a flood levy (also known as the Temporary Flood and Cyclone Reconstruction Levy) to help fund the rebuilding of essential infrastructure damaged by natural disasters such as roads, bridges, and schools. The flood levy applies to taxable income for the 2011-12 financial year only and is paid by most taxpayers.
When looking into life insurance policies in Australia, it's important to get an understanding of the entire process, from how much the premiums are to taxes on life insurance benefits. Do you need to pay taxes on Life Insurance in Australia? What type of taxes do you need to pay on top of your premiums and how Life Insurance payout is taxed?
This Australian Tax Calculator will show you what your weekly, fortnightly & monthly Income or Net Salary will be taking into account current ATO tax rates. The Tax Calculator will also calculate what your Employers Superannuation Contribution will be.
How the Tax Calculator works?
Our tax calculator will help you determine your Net income from your Gross Annual Income received from your Employer. It will also provide you with an estimate of PAYG Employer Superannuation Contributions.
The Tax Assessment Calculator allows you to calculate what tax is payable on your Gross Annual Income on a per annum bases. It also provides you with your Net yearly, monthly, fortnightly and weekly salary.
To use this Tax Calculator you need to input the following:
- Current Gross Annual Income or Salary (App 1)
- New Gross Annual Income or Salary (App 2, if applicable)
The Tax Calculator will then provide you with the following results:
- Tax Payable on your Gross Annual Income
- Your Net Weekly Income
- Your Net Fortnightly Income
- Your Net Monthly Income
- Your Net Yearly Income, and
- Your Employer Superannuation Contributions for the year. (Currently 9.25%)
Don't have Flash? Try this ATO Tax Calculator...
Salary Calculator Australia
Time for a performance review? You can use this calculator as a salary calculator and compare your current and new salary. Just enter one salary into "App.1" field and the second salary into field "App.2".
Income Tax Calculator
Income Tax Calculator Australia is updated with 2013-2014 ATO tax rates, but you can also calculate taxes for the previous year, i.e. what income tax is payable based on 2012-2013 ATO tax rates.
Pay Calculator for non-residents
NEW: Now you can calculate your pay and your tax withholding if you a non-resident for tax purposes in Australia. Just choose "Foreign Resident" in the "Type of Employee" field and pay calculator will show you your earnings and taxes.
Disclaimer: The results obtained from the Tax Calculator are indicative only. It is advised that you seek professional advice from your Tax Accountant or ATO when it comes to Taxation and Tax Refund. Read full disclaimer