Pay and Income Tax Calculator
Tax Breakdown
Pay (2022 - 2023) | Weekly | Fortnightly | Monthly | Annually |
---|---|---|---|---|
Taxable Income | ||||
Base Salary The amount earned by employees before income taxes, benefits, or deductions. May include allowances. | ||||
Salary Sacrifice | ||||
Non-Concessional Super | ||||
Concessional Voluntary Super | ||||
Superannuation | ||||
Super Guarantee Money set aside by your employer to contribute to superannuation funds by defined dates during the year or as directed in the employee's relevant award. | ||||
Reportable Contributions | ||||
Voluntary Contributions | ||||
Tax Offset | ||||
Tax | ||||
Concessional | ||||
Non-Concessional | ||||
Tax | ||||
Income Tax Tax on taxable income which includes wages, pension income, government payments, investment dividends, and foreign income. | ||||
Study Assist Government financial assistance loans for higher education, trade apprenticeships and other training. | ||||
LMITO | ||||
LITO The amount of the low income tax offset (LITO) you receive will depend on your taxable income. For example, if your taxable income is $37,500 or less, you will get the maximum offset of $700 Between $37,501 and $45,000, you will get $700 minus 5 cents for every $1 above $37,500. Please note, these figures correspond to the ATO’s figures as at 1 August 2022. For further information, see here. | ||||
Spouse Superannuation Offset | ||||
Medicare Levy The levy is about 2 percent of your taxable income. You pay the levy on top of the tax you pay on your taxable income. Single, no dependants |
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Medicare Levy Surcharge | ||||
Net Income |
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