Welcome to the TaxCalc, the Australian income tax and tax cut calculator

2007-2008:

Calculate

Calculate your income tax and your tax cut

 

Enter your taxable income in dollars:

 

For example, if you earn $50,000 enter in "50000"

Tax Rates for 2007-2008:

Tax Rates 2007-2008

Taxable Income

Tax on this income

$0 – $6,000

Nil

$6,001 – $30,000

15c for each $1 over $6,000

$30,001 – $75,000

$3,600 plus 30c for each $1 over $30,000

$75,001 – $150,000

$17,100 plus 40c for each $1 over $75,000

Over $150,000

$47,100 plus 45c for each $1 over $150,000

Summary:


Money Image
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