Source: MoneySmart
Open the original Income tax calculator on MoneySmart
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Income tax calculator
Estimate tax, Medicare levy and take-home pay from your income details. It is useful for comparing salary levels, side income and after-tax cashflow.
Best for
- Australian resident tax brackets by supported financial year
- Medicare levy phase-in thresholds mirrored from the imported MoneySmart logic
- Income, tax and net-pay outputs in annual, monthly, fortnightly or weekly terms
Your income inputs
Use employment and other taxable income, select the financial year, then choose the result cadence you want to view.
After salary sacrifice, before tax.
Results
The summary below is shown as per month, while bracket charges remain annual for clarity.
On an annual taxable income of $108,000, this scenario uses the 2025-2026 resident rates, applies 30.0 % as the marginal rate, and leaves $6,888 per month.
Annual tax by bracket
Mirrors the imported MoneySmart bracket split| Bracket | Rate | Annual tax |
|---|---|---|
| No tax on income between $1 and $18,200 | 0.0 % | $0 |
| $18,201 to $45,000 | 16.0 % | $4,288 |
| $45,001 to $135,000 | 30.0 % | $18,900 |
What to watch
- Gross-to-net conversion gives a cleaner base for borrower serviceability and repayment-capacity modelling.
- Annual and periodic net-income outputs can feed refinance comparison and switching affordability checks.
- Supported financial-year selection allows historical or current borrower scenarios to stay explicit.
How these estimates work
- The rates are for Australian residents.
- The Medicare levy is included, but Medicare Levy Surcharge, offsets and rebates are not.
- Family income, dependants and private health insurance impacts are not modelled.
- The 2016-2017 top bracket includes the temporary budget repair levy, matching the imported calculator logic.
Work and tax
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