Use this calculator to estimate your income tax for the 2025-26 financial year in Australia. This tool helps you understand the tax payable based on your income, including Medicare Levy and Surcharge.
The calculations are based on data and formulas from the Australian Tax Office. All calculations are strictly based on the provided formulas and data.
\[\text{Tax Payable} = (\text{Income} - \text{Tax-free Threshold}) \times \text{Tax Rate} + \text{Medicare Levy}\]
For an income of $50,000, with a tax-free threshold of $18,200 and a tax rate of 19%, the calculation is as follows:
\[ \text{Tax Payable} = (\$50,000 - \$18,200) \times 0.19 + \text{Medicare Levy} \]
The Medicare Levy is a tax to fund the public healthcare system in Australia.
Enter your annual income and select whether you pay the Medicare Levy. The calculator will estimate your tax payable.
The tax-free threshold is the amount of income you can earn before you start paying tax.