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.
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 current 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 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 2024-25 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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Ask a question
I earn $40000 and have taken $22000 which the super people did not tax, so how much will I have to pay at the end of the year?
Hi Ian,
Thanks for your question.
Unfortunately, we won’t be able to compute the amount of your tax for you as we are not qualified, tax experts. Kindly note there are several factors you have to take into consideration when computing for your tax such as deductions you’re entitled to claim and tax you have to pay on your super contributions.
It’s a good idea to seek the advice from Australian Tax Office or consult with a qualified tax expert to find out how much tax you have to pay.
I hope this has helped.
Cheers,
Liezl
Hi I’m Steve , last year I cashed in some of my super under financial hardship. I pretty sure I paid tax something like $1800 from the super when I got it. Will I get that all back this year. ? I haven’t worked this year due to the injuries and operations.
Hi Steve,
That’s an interesting question. However, I’m afraid we are not able to answer this question as we are not tax experts.
It would be best to seek professional advice, preferably to a tax specialist who is more knowledgeable about the direct impact of Super on tax.
I hope this helps.
Cheers,
Danielle
Will I pay back tax if I earn over 100k and single?
Hi Tina,
Thank you for your enquiry.
Australian residents are required to pay tax on the income they earn even if they’re single. You may use the income tax calculator above to get a rough estimate of your tax obligations. Please note that the results should be used as an indication only and that the actual tax on your income may vary from the calculated amount.
You may also want to read more about how to save money when paying taxes. Please read through that page for helpful tips.
I hope this helps.
Kind regards,
Jason
if I make 500000 a year how muck will get taxed
Hi Harry,
Thanks for your inquiry.
These are the tax thresholds for the 2015 – 2016 financial year.
Less than $18,200 None
$18,201 – $37,000 19c per $1 > $18,200
$37,001 – $87,000 32.5c per $1 >$37,000 plus $3,572
$87,001 – $180,000 37c per $1 >$87,000 plus $19,822
More than $180,001 45c per $1 >$180,000 plus $54,232
So if you have an annual income of $500,000, you will be taxed $54,232 plus 45c for every dollar over $180,000.
That is excluding deductions which can be calculated using our Tax Deduction Calculator
You can also check these pages for Income Tax Calculator and Tax Returns
Hope this information helped.
Cheers,
Arnold
I made 14 thousands last year. How much would i get back with no dependents?
Hi Rue,
Thanks for your question.
Please note that the tax calculator on our page is only for the use of Australian residents.
As we are not tax experts, we are unable to compute how much your tax refund will be. Please do get in touch with a tax specialist to help you.
Cheers,
Anndy