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 recently withdrew my superannuation to pay for medical expenses. Tax was withheld and I am entitled to a full refund, which will be somewhere between $10-12K. Do you know if there is anyway to borrow against this, not the full amount but $2K or so?
Hi Mate,
Thanks for reaching out.
It is advisable that you contact your lender directly to discuss your borrowing options, as this will depend on a range of factors.
If you would like to discuss your personal situation, we recommend you speak to an online tax agent.
Thanks,
Belinda
Defence serviceman yearly what is incometex
Hi Naresh,
Thanks for your comment.
This has been taken from the defence jobs website: Full-time Defence personnel are required to pay income tax. Part-time personnel (Reservists) do not pay income tax for their Defence wage.
If you would like to discuss your personal situation, we recommend you speak to an online tax agent.
Hope this helps,
Shirley