paycalculator


Income tax calculator

Use this simple, accurate tax calculator to work out how much you will be paid.

This calculator now includes tax rates for the proposed 2019-2020 tax year as well as the legislated changes in 2022 and 2024. The most significant change is the extension of a new low and middle income tax offset. This offset will be given as a tax return at the end of the year so it won't effect your pay. This new offset is in addition to the existing low income offset.

Income

$
Hours per weekHours per week
Weeks per year (Annual calculation only)Weeks per year
(Annual calculation only)
Hours per dayHours per day
Days per weekDays per week
Days per year (Annual calculation only)Days per year
(Annual calculation only)
%

2015-2016 Weekly Fortnightly Monthly Annually
Pay $xxx $xxx $xxx $xxx
Taxable Income $xxx $xxx $xxx $xxx
Superannuation $xxx $xxx $xxx $xxx
Total Taxes $xxx $xxx $xxx $xxx
Income Tax $xxx $xxx $xxx $xxx
Medicare1 $xxx $xxx $xxx $xxx
Other taxes and Levies2 $xxx $xxx $xxx $xxx
Tax Offsets3 ($xxx) ($xxx) ($xxx) ($xxx)

PayCalculator - Rob Shearing PayCalculator is also available in the App Store. The app will work on all ios devices including iPad, iPhone and iPod touch and will update every year. For more information follow the link to the App Store to see the new enhanced functionality.


Pay As You Go This calculator now conforms to the Australian Tax Office's Pay As You Go (PAYG) schedules. The latest PAYG rates are available from the ATO website in weekly, fortnightly and monthly tax tables.




Why is Annual different to PAYG

The ATO publish tables and formulas to calculate weekly, fortnightly and monthly PAYG income tax instalments that can vary from the annual tax amounts. The reason is to make tax calculations simpler to apply, but it can lead to discrepancies. Differences will always be favour of the ATO, however these will be refunded when the annual year tax return is processed.

More information on income tax

Get more information on how tax calculations are performed, including information on the income tax brackets, Medicare levy, superannuation and how your HELP/HECS debt is repaid. There are also links to ATO government sites on the links page.