About
Welcome to TaxCalc.com. A comprehensive tax calculator that calculates tax according to standards imposed by the Australian Taxation Office. Please note that we are completely independent and unaffiliated with the Australian Taxation Office and related institutions.
2021/2020 Brackets
Residents
| Income Thresholds |
Base Tax |
Rate |
Tax Payable on This Income |
| $1 to $18,200 |
$0 |
0% |
$0 plus $0 for each $1 over $0
and under $18,200
|
| $18,201 to $45,000 |
$0 |
19% |
$0 plus $0.19 for each $1 over $18,200
and under $45,000
|
| $45,001 to $120,000 |
$5,092 |
32.5% |
$5,092 plus $0.325 for each $1 over $45,000
and under $120,000
|
| $120,001 to $180,000 |
$29,467 |
37% |
$29,467 plus $0.37 for each $1 over $120,000
and under $180,000
|
| $180,001 and Over |
$51,667 |
45% |
$51,667 plus $0.45 for each $1 over $180,000
|
Foreign Residents
| Income Thresholds |
Base Tax |
Rate |
Tax Payable on This Income |
| $1 to $120,000 |
$0 |
32.5% |
$0 plus $0.325 for each $1 over $0
and under $120,000
|
| $120,001 to $180,000 |
$39,000 |
37% |
$39,000 plus $0.37 for each $1 over $120,000
and under $180,000
|
| $180,001 and Over |
$61,200 |
45% |
$61,200 plus $0.45 for each $1 over $180,000
|
More brackets can be found here (external site).