Updated from the 2012 Federal Budget
TaxCalc
Welcome to the TaxCalc, the Australian income tax and tax cut calculator
2012-2013:
Calculate your income tax and your tax cut
For example, if you earn $50,000 enter in "50000"
Tax Rates for 2012-2013:
Taxable Income |
Tax on this income |
$0 – $18,200 |
Nil |
$18,201 – $37,000 |
19c for each $1 over $18,200 |
$37,001 – $80,000 |
$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 |
Over $180,000 |
$54,547 plus 45c for each $1 over $180,000 |
Summary:
 |
Tax on income: | $ |
Medicare Levy: | $ |
|
Low Income Tax Offset: | $ |
|
Total tax: | $ |
|
Net income: | ||
per annum: | $ |
|
per month: | $ |
|
per week: | $ |
Tax cut from previous year: |
$ |
per annum |
|
|
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