Mortgage Broker Perth

Calculating home finances

Income Tax Calculator

We’ve created this Australian income tax calculator to provide a guide on how much money you have after tax.

The current income tax rate are:

2020 – 2021 Financial Year Income Tax
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