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Calculate your tax. Our easy-to-use income tax calculator can tell you how much tax you should be paying on either your gross or net wages. All you need to do is tell us how much you earn each week, fortnight, month, or year – and our calculator will do the rest.

How to use our income tax calculator

Simply enter your income (or use the slider to adjust the amount) and select a frequency of weekly, fortnightly, monthly, or annually. You can also choose to input either your gross or net income – gross income being the total amount you earn before any taxes or deductions, and net income is the amount you’re paid after. Our handy income tax calculator will do the rest of the work for you, and let you know an estimate of what you could expect to pay in income tax.

Heads up, the calculation does not include the Medicare levy surcharge or any rebates and tax offsets that may lower the amount of tax that you pay.

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Your income tax questions answered

Gross income is the money that you earn before deductions such as income tax are removed. Net income is the amount you receive after these deductions. 

Use our income tax calculator to get an estimate of your income tax based off your gross or net income. Find out more about your Australian income tax obligations on the ATO website.

You can use our Income Tax calculator to get an estimate of the amount of tax you should be paying.

The Australian Tax Office (ATO) collects income tax from working Australians each financial year, which runs from 1 July to 30 June the following year.  The personal income tax rates that apply for an individual can be found on the ATO website.

For Australian residents you can earn a set amount of money each financial year in the tax-free threshold, and then you will be taxed progressively on income above that amount.

The tax-free threshold and tax rates can be found on the ATO website.

Important information

Banking and Credit products issued by Police & Nurses Limited (P&N Bank).

Any information on this website is general and does not consider your personal needs, objectives or financial situation. Our rates are current as of today and can change at any time. Credit eligibility criteria, terms & conditions, fees & charges apply.

This calculator should be used as an indication only. Figures provided are for illustrative purposes and should not be relied upon or construed as taxation advice. You should seek and obtain your own financial advice in relation to your specific taxation position. For further information in regard to Australian Tax thresholds please see ATO website.

Calculator by Widget Works