Income Tax Calculator

2016 - 2017 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
$87,001-$180,000 $19,822 plus 37c for each $1 over $80,000
$180,001 and over $54,232 plus 47c for each $1 over $180,000
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

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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. Results are not financial advice, are a guide only, and are not a guaranteed outcome or quote. Borrowers should always discuss their individual situation with an Australian Credit Licensee or authorised Credit Representative.
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