Income Tax Calculator

2015 - 2016 Financial Year Income Tax
Taxable incomeTax 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
$180,001 and over $54,547 plus 47c for each $1 over $180,000
2014 - 2015 Financial Year Income Tax
Taxable incomeTax 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
$180,001 and over $54,547 plus 47c for each $1 over $180,000

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Calculate a simple income tax liability based on the ATO's personal income tax rates and thresholds.

Assumptions
  • This calculator does not include the Medicare levy or Medicare Levy Surcharge.
  • This calculator does not take into account possible tax deductions and tax offsets that may lower the tax you pay.
  • The rates are for Australian residents.

Note: The information provided by the calculator is intended to provide illustrative examples based on stated assumptions and your inputs. Calculations are meant as estimates only and it is advised that you consult with a mortgage broker about your specific circumstances. Financial Calculators © VisionAbacus Pty Ltd