ATO Tax Calculator

Calculate Your Salary After Income Tax

tax calculator image

Do you agree that official ATO tax calculator is too complicated?

This simplified ATO Tax Calculator will calculate your annual, monthly, fortnightly and weekly salary after PAYG tax deductions. Please enter your salary into the "Annual Salary" field and click "Calculate". Updated with 2016-2017 ATO Tax rates.

Deficit Reduction Levy/Tax

Tony Abbott and Joe Hockey have introduced a "deficit tax" for those earning more than $180,000 a year in 2014 Federal Budget. The tax is extra 2% of any amount over $180,000, that means if you earn $200,000 you will be paying 2% of $20,000 which is $400. The high income levy is temporary and only lasts for three years from July 1st, 2014 until June 30, 2017. Our tax calculator is updated to reflect this "temporary budget deficit levy".

Tax Calculator:

Your annual salary ($):

Year 2016-2017 Weekly Fortnightly Monthly Annually
Gross income $0.00 $0.00 $0.00 $0.00
Superannuation $0.00 $0.00 $0.00 $0.00
Tax $0.00 $0.00 $0.00 $0.00
HELP debt $0.00 $0.00 $0.00 $0.00
Medicare levy $0.00 $0.00 $0.00 $0.00
Tax offsets $0.00 $0.00 $0.00 $0.00
Deficit levy $0.00 $0.00 $0.00 $0.00
Net income $0.00 $0.00 $0.00 $0.00

Just making sure your income is protected and you're not paying too much. Income Protection prices vary by 40% in Australia. Get a quick income protection quote

Our Tax Calculator uses exact ATO formulas when calculating your salary after income tax. ATO tax withheld calculator or tax tables provided by the Australian Taxation Office (ATO), which your employer uses to calculate PAYG tax, rounds your income and taxes to the nearest whole figure, hence you may have some discrepancies with your actual pay on your payslip. Usually it's only a couple of dollars per month or fortnight, but still isn't ideal. Here you get CORRECT calculations what your salary and taxes should be. However any overpaid taxes will be returned to you when you do your tax return at the end of financial year.

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Taxes and Insurance:

Health Insurance

Do you know you can compare and find cheapest Health Insurance on government website?

If your income is above a certain threshold ($84,000 for singles or $168,000 for couples), you should consider buying private hospital cover, otherwise you need to pay the Medicare Levy Surcharge (MLS).

The surcharge is calculated at the rate of 1% to 1.5% of your income for Medicare Levy Surcharge purposes.This is in addition to the Medicare Levy of 1.5%, which is paid by most Australian taxpayers.

This calculator does not include any Medicare Levy Surcharges and assumes you have private health insurance.

Income Protection

Do you know you can compare TOP-10 income protection companies and get extra 30% off?

Your most valuable asset is your ability to earn an income that will allow you to maintain your lifestyle, therefore it makes sense to protect it. Income protection insurance provides a replacement income of up to 75% of your current income if you are unable to work due to illness or injury.

How long would you be able to maintain your standard of living, or provide for your family if you were too ill or injured to work for an extended length of time? Get income protection now! And remember, income protection premiums are 100% tax deductible...

All Health Insurance premiums increased in April. How much your Health Insurance premiums increased?

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