Income tax calculator
Use our simple tax calculator to see how much tax you'll pay for the 2024-25 financial year, and what your tax return may look like.
Key takeaways
- Estimate your 2025-26 tax liability and potential return using gross income only.
- Income is taxed incrementally meaning only the portion above a threshold incurs the higher rate.
- Claim eligible deductions to reduce your taxable income and maximise your potential tax return.
How to use the income tax calculator
- Add up your total annual income for the year (your gross annual income will be on your income statement or latest payslip for the financial year).
- Don't forget about any additional money you've made from freelance, contract work or a side hustle.
- Enter this figure into the income tax calculator below to see how much tax you will need to pay for the 2025-26 financial year.
- This will give you an estimate of how much tax you should have paid for the year.
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should only be used as an indication. They are neither a recommendation nor an eligibility test for any product and should not be construed as financial advice, investment advice or any other sort of advice.
Calculating your tax return: How much tax will I get back?
The calculator will give you an estimate of how much tax you'll need to pay based on your annual income. If you've paid more tax than you need to, you should get the difference back as a tax return. Alternatively, if you have not paid the correct amount of tax you will need to make up the difference and pay this to the ATO.
- This calculator is just an estimate. It doesn't take into account the Medicare levy or any HECS-HELP debt you might have, which will also come out of your return.
Expert insight
"Australian income tax is ever-changing, complex and not always black and white. A tax misconception we often come across is [that] earning more income will result in being worse off from a tax perspective. That is simply not the case; the Australian tax system is based on incremental tax thresholds, which means when your income moves into another tax threshold, only the income greater than the threshold is taxed at the higher rate."
How much tax have you paid?
If you earn a salary from your job (meaning you're not a business owner or sole trader) the amount of income tax you've paid should be on your group certificate, payment summary or income statement from your employer.
If that's your only source of income, then the tax you've paid should be very close to what you actually owe. But don't forget to factor in other income sources like dividends from shares, and deductions you can claim.
What are the tax thresholds for the 2026-27 financial year?
To better understand how your tax is calculated, refer to the tax threshold table below.
| Taxable income | Tax on this income |
|---|---|
| 0 – $18,200 | Nil |
| $18,201 – $45,000 | 16c for each $1 over $18,200 |
| $45,001 – $135,000 | $4,288 plus 30c for each $1 over $45,000 |
| $135,001 – $190,000 | $31,288 plus 37c for each $1 over $135,000 |
| $190,001 and over | $51,638 plus 45c for each $1 over $190,000 |
Income tax rates also depend on your income and your residency status. Non-residents are taxed at a high rate and are not entitled to a tax-free threshold.
So if you're a non-resident, you'll need to pay tax on all income earned from an Australian source.
Your general tax questions answered
Want more tips on tax?
Use our comprehensive tax guides to stay on top of your finances this tax season.
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I had a job at $200,000 and paying tax. I lost my job mid way across the year in December and have not worked since. Up until that date I had made about $110,000 before tax. I have no other assets, investment properties etc. Is it likely I will get a tax return this year?
Hi Kerrie,
There are many factors that determine whether or not you’ll get money back at tax time (including those you’ve mentioned about as well as deductions claimed). We can’t predict whether or not you’ll get money back in your tax return – it’s best to speak to a professional tax accountant about this.
Thanks,
Alison.
I lodged my tax return online in September and still have not received my refund
Hi Shellie, We’re not affiliated with the Australian Tax Office, you’ll need to contact them directly to discuss the progress of your tax return.
If I have earned $26.000 from centerlink and paid no tax will I get any money back
Hi Daniel,
It would be difficult to determine if you will get a tax return with the information you’ve provided. It’s highly unlikely you would get a tax return if you haven’t paid any tax, as a tax return is additional tax money that you have paid throughout the year that is then returned to you in a refund.
Thanks,
Alison
My taxable income is $144000, and I’ve paid $48000 tax, putting me in the tax bracket up to $180000, I’ve worked out that with out all my deductions I should get around $8000 return however when I go into MyGov and estimate it only calculates $4500. Why would it do this?
Hi Jay,
Thank you for getting in touch with finder.
Please note that the accurate way to estimate your tax refund includes other factors such as reportable employer super contributions, Medicare levy exemption, reportable fringe benefits etc. The actual tax on your income may be different than the calculated amount shown from the ATO’s official page. If you find their computation questionable, please seek professional advice from a tax agent.
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni
Hello
I have 25000$ income this year and i have received a compensation from my previous employer for 2015 and the tax for that amount i received is in this year payg which is 9000$ plus my current tax i paid 1200 how much will i be able to get in return ??
Thanks
Hi Jazib!
Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?
You may have to speak/contact a tax expert to give you the numbers on how much you’ll get in tax returns.
Please note that we’re a product comparison website and we do not represent any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.
Hope this was helpful. Don’t hesitate to message us back if you have more questions.
Cheers,
Nikki