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
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I am a Seasonal Sugar Mill Worker with an annual wage this year of $43000. I am also a single man with no dependants and never worked the approximate 6mths between the end of last season to now. I’ve paid approximately $12000 in tax due to several overtime shifts. My question is how much tax can i expect to get back without making any claims apart from the $300? Thankyou in advance,
Hi Peter,
Thanks for your question.
Generally, if you earn an income of $43,000, your tax payable is $5,522.00. This could mean you get a return of $6,478.
I’m unsure of what you’re referring to with the $300 claim, so the above calculation doesn’t take that into account.
As we can’t provide specific advice and if you would like to discuss your personal situation, we recommend you speak to an online tax agent.
Regards,
Joshua
Hi,
If i earned 60,000 how much tax do i have to pay for my abn?
Also the number you give me it’s without deductions, correct?
Thank you
Hi Brad,
Thanks for your question.
Generally, if you have an income of $60,000, the tax payable is $11,047. This doesn’t take into account deductions.
If you would like to discuss your personal situation, we recommend you speak to an online tax agent.
Hey if i earn 3600 a fort night how muchtaxs do i put aside im abn
Hi Clay,
Thanks for your question.
Generally, someone who earns $93,600 p.a. is required to pay $22,759.00 in tax.
Please note the results should be used as indication only.
If you would like to discuss your personal situation, we recommend you speak to an online tax agent.
Regards,
Shirley
Hi
if you earn $62400 you pay $252 per week tax going by the ATO weekly tax table, that equals 252 x 52 = $13104 tax but your calculator works it out to be $11827
I am a little confused.
Thank you for your time.
Hi Darryl,
Thanks for your question.
If you’ve paid $13,104 in PAYG tax but you’re due to pay $11,827, then, generally, it means you’ll receive the difference back as a tax refund ($1,277).
The results should be used as an indication and is only general advice.
If you would like to discuss your personal situation, we recommend you speak to an online tax agent.
Regards,
Shirley
Hello
My son is working using his abn and being paid by a builder for both himself and a co worker what is he required to do tax wise
Thanks
Ann
Hi Ann,
Thanks for your question.
He will need to submit his own tax return at the end of the financial year reporting the income he’s earned with the ABN, along with any other streams of income earned from an Australian source.
If he’s a sole trader or in a partnership, he will need to pay his marginal income tax rate. If he would like to discuss his personal situation, we recommend that he speaks to a Tax Agent.