Tax Calculator
This tax calculator will help you to calculate the tax you owe on your taxable income for the current income tax year.
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.
Foreign residents are taxed at a higher rate and aren’t entitled to a tax-free threshold. Part-year residents may be entitled to a part-year tax-free threshold.
This 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
Tax Rates
Shuriken’s Australian Tax Calculator uses 2025–26 individual income tax brackets and can account for the Medicare levy, Low Income Tax Offset (LITO) and HELP/HECS repayments. The historical tables below show earlier income years, while the selected income year and residency status affect an individual income-tax calculation.
Australian resident income tax rates: 2021–22
| Taxable income | Tax on this income |
| 0 – $18,200 | Nil |
| $18,201 – $45,000 | 19c for each $1 over $18,200 |
| $45,001 – $120,000 | $5.092 plus 32.5c for each $1 over $45,000 |
| $120,001 – $180,000 | $29,467 plus 37c for each $1 over $120,000 |
| $180,001 and over | $51,667 plus 45c for each $1 over $180,000 |
Income Tax Calculator 2020 / 2021
| Taxable income | Tax on this income |
| 0 – $18,200 | Nil |
| $18,201 – $45,000 | 19c for each $1 over $18,200 |
| $45,001 – $120,000 | $5.092 plus 32.5c for each $1 over $45,000 |
| $120,001 – $180,000 | $29,467 plus 37c for each $1 over $120,000 |
| $180,001 and over | $51,667 plus 45c for each $1 over $180,000 |
Income Tax Calculator 2019 / 2020
| Taxable income | Tax on this income |
| 0 – $18,200 | Nil |
| $18,201 – $45,000 | 19c for each $1 over $18,200 |
| $45,001 – $120,000 | $5.092 plus 32.5c for each $1 over $45,000 |
| $120,001 – $180,000 | $29,467 plus 37c for each $1 over $120,000 |
| $180,001 and over | $51,667 plus 45c for each $1 over $180,000 |
Income Tax Calculator 2018 / 2019
Resident tax rates 2018–19
| Taxable income | Tax on this income |
| 0 – $18,200 | Nil |
| $18,201 – $37,000 | 19c for each $1 over $18,200 |
| $37,001 – $90,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $90,001 – $180,000 | $20,797 plus 37c for each $1 over $90,000 |
| $180,001 and over | $54,097 plus 45c for each $1 over $180,000 |
The above rates do not include the Medicare levy of 2%.
The above rates include changes announced in the 2018-19 Federal Budget.
Shuriken’s Australian tax calculator explains that individual income tax is progressive: taxable income is taxed in brackets from 0% to 45%, and the page states a Medicare levy of 2% in addition to those rates. Taxable income is assessable income less allowable deductions, so the calculation applies to taxable income rather than total earnings.
For individual taxpayers, assessable income can include personal earnings such as salary and wages, business income and capital gains. The page also notes that capital gains are generally taxed when realised and may be reduced by 50% where the capital asset sold was held for more than 1 year.
Income tax in Australia is imposed by the federal government on the taxable income of individuals and corporations and the state governments have not imposed income taxes since World War II. On individuals, income tax is levied at progressive rates, and at one of two rates for corporations.
The income of partnerships and trusts is not taxed directly, but is taxed on its distribution to the partners or beneficiaries. Income tax is the most important source of revenue for government within the Australian taxation system. Income tax is collected on behalf of the federal government by the Australian Taxation Office.
The two statutes under which income tax is calculated are the Income Tax Assessment Act 1936 and the Income Tax Assessment Act 1997; the former is gradually being re-written into the latter. Taxable income is the difference between assessable income and allowable deductions.
There are three main types of assessable income for individual taxpayers: personal earnings (such as salary and wages), business income and capital gains. Taxable income of individuals is taxed at progressive rates from 0 to 45%, plus a Medicare levy of 2%, while income derived by companies is taxed at either 30% or 27.5% depending on annual turnover. Generally, capital gains are only subject to tax at the time the gain is realised and are reduced by 50% if the capital asset sold was held for more than 1 year.
Also check out the following link ATO Tax Calculator
