Tax Calculator in Australia: How Much Tax to Pay

Which tax rates apply?

The individual income tax rates will depend on the income year you select and your residency status for income tax purposes during that income year.



You are a working holiday maker (WHM) if you have a visa subclass of either:

  • 417 Working Holiday
  • 462 Work and Holiday (backpackers).

You will need to use the Income Tax Estimator calculator to provide a breakdown of your income and your residency status.



 

Tax rates for residents in the 2021/22 and the 2022/23 year are (Note: these rates do not include the Medicare levy):

Taxable income $ Tax payable $
0 – 18,200 Nil
18,201 – 45,000 Nil + 19% of excess over 18,200
45,001 – 120,000 5,092 + 32.5% of excess over 45,000
120,001 – 180,000 29,467 + 37% of excess over 120,000
180,001+ 51,667 + 45% of excess over $180,000

 

The lowest rate is 19% and the highest rate is 45%, which is only charged on income over $180,000. Most Australians sit in the middle bracket.

How to Calculate Income Tax in Australia

How much is income tax in Australia?

What is the Current Australian Tax Rates Table?

How Can I Pay Less Tax in Australia?



What is the Top Tax Bracket for 2023 in Australia?

Weekly Tax Table by The Australian Taxation Office

Understanding Capital Gains Tax

Understanding Income Tax

Understanding The Tax System in Australia

Tax Deductions and Offsets Available to Taxpayers in Australia

What is the Tax Bracket in Australia?

Before you use the calculator

The calculated results are based on the information you provide at the time of calculation. You should use these results as an estimate and for guidance purposes only.

The exact amount of your income tax can only be calculated upon lodgment of your income tax return with ATO.

 

Income Tax Calculator Helps you work out:

  • how much Australian income tax you should be paying
  • what your take-home salary will be when tax and the Medicare levy are removed
  • your marginal tax rate

This calculator can also be used as an Australian tax return calculator. Note that it does not take into account any tax rebates or tax offsets you may be entitled to.

Follow And Click Link Below to Calculate Your Tax

 



Simple tax calculator