TaxCalc

Welcome to TaxCalc, the Australian income tax calculator
Tax calculator

Calculate your income tax and your after tax salary

Enter your taxable income in dollars:
For example, if you earn $50,000 enter in "50000"


Tax Rates for 2014-2015:

Tax Rates 2014-2015

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

Compulsory superannuation rate: 9.5%


Medicare Levy increased from 1.5% to 2% (not applicable to low income earners).
Budget Repair Levy of 2% introduced on taxable incomes in excess of $180,000

Summary:


After tax salary
Base income:
$
Tax on income:
$
Medicare Levy:
$
Budget Repair Levy:
$
Low Income Tax Offset:
$
Total tax:
$
 
Net income:
per annum:
$
per month:
$
per week:
$

Tax cut from previous year:
$
per annum