Welcome to the TaxCalc, the Australian income tax and tax cut calculator
2007-2008:
Calculate your income tax and your tax cut
For example, if you earn $50,000 enter in "50000"
Tax Rates for 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:
 |
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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