Welcome to the TaxCalc, the Australian income tax and tax cut calculator
2004-2005:
Calculate your income tax and your tax cut
For example, if you earn $50,000 enter in "50000"
Tax Rates for 2004-2005:
Taxable Income |
Tax on this income |
$0 – $6,000 |
Nil |
$6,001 – $21,600 |
17c for each $1 over $6,000 |
$21,601 – $58,000 |
$2,652 plus 30c for each $1 over $21,600 |
$58,001 – $70,000 |
$13,572 plus 42c for each $1 over $58,000 |
Over $70,000 |
$18,612 plus 47c for each $1 over $70,000 |
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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