Income tax
Income tax and take-home pay calculator
What the tax, the levy and a study loan take out of a salary, and what lands in your account.
- No sign-up or email
- Runs in your browser
- Assumptions you can edit
- Print or save as PDF
What actually reaches my bank account after tax?
This shows the annual position: what you earn, what income tax and the Medicare levy take, what a study loan adds, and what is left. It reports each of those separately, because a single 'net pay' figure hides which of them is actually the large number for you.
Only years whose rates have been checked and signed off are available.
$
Do you have a HELP or other study loan?
Claiming the tax-free threshold
$
$
Take-home pay
$74,080
per year
Per fortnight
$2,849.23
annual net ÷ 26
Total withheld
$20,920
22% of gross
Your next dollar costs
32%
30% tax bracket, plus levy
Gross income
$95,000
Taxable income
$95,000
Income tax
− $19,020
Medicare levy
− $1,900
Take-home pay
$74,080
The weekly, fortnightly and monthly figures are the annual result divided by the number of pay periods. That is not the same as PAYG withholding, which your employer works out from your pay frequency and the declarations you have lodged.
Calculated using the 2026-27 rates.
Estimate only, based on the figures and assumptions you entered. It is general information, not financial advice, and it does not take your objectives, financial situation or needs into account. Model version 0.1.0, not independently reviewed.
Reading the result
What the numbers mean
Income tax, the Medicare levy and any study loan repayment are shown separately, because they behave differently — the levy is not reduced by the low income tax offset, and a study loan repayment is not a tax.
The effective rate is total withheld against gross income, and is always lower than the cost of your next dollar. That next-dollar figure is measured, not read off the tax table: it includes the Medicare levy, the low income tax offset being withdrawn, and any study loan repayment, so it is usually several points above the bracket rate.
The weekly, fortnightly and monthly figures are the annual result divided by the number of pay periods. That is not the same as what your employer withholds — see the questions below.
Salary sacrifice reduces your assessable income, so it appears here as less tax and less take-home pay at the same time.
Worked example
An example, start to finish
The figures depend on the financial year selected, so this example is left to the calculator rather than printed here — the numbers would go stale the moment rates changed.
- Gross income
- as entered
- Less income tax
- by marginal bracket, after the low income tax offset
- Less Medicare levy
- with its shade-in band for lower incomes
- Less study loan repayment
- on repayment income, if you have a loan
- Net annual income
- the remainder
Every figure in the result is derived from the rate table for the year you select, and the version of that table is printed under the result.
Methodology
What this calculator assumes
Australian resident for tax purposes, for the full year.
One source of employment income. A second job changes the outcome and is not modelled.
The low income tax offset is applied where it applies. It reduces tax payable but never below zero, and it does not reduce the Medicare levy.
Study loan repayments are calculated on repayment income, which adds back reportable superannuation contributions.
Salary sacrifice reduces assessable income. Contributions tax inside the fund is not shown here — see the salary sacrifice calculator for that side.
Limitations
What it does not do
This is an annual estimate, not a PAYG withholding calculation and not a tax return. Your final position is determined by the ATO on assessment.
Not modelled: the Medicare levy surcharge, private health insurance rebate, offsets other than the low income tax offset, foreign income, capital gains, investment or rental losses, part-year residency, and salary-packaged fringe benefits.
Non-residents and working holiday makers are taxed on different scales. The calculator refuses those cases rather than giving a resident answer.
Rates change every financial year, and the year you select determines the answer.
About this model
Built by the Souffle team. Model version 0.1.0, in effect from 2026-09-10. It has not been independently reviewed, and no review badge is shown for that reason. The calculation runs entirely in your browser — nothing you type is sent to us or to anyone else, and nothing is stored.
Questions
Common questions
Why does this differ from my payslip?
A payslip reflects PAYG withholding, which your employer calculates from your pay frequency and the declarations you lodged. This is an annual calculation divided by pay periods. The two rarely match exactly, and the difference is settled when you lodge your return.
Does it include the Medicare levy surcharge?
No. The surcharge depends on income and on whether you hold appropriate private hospital cover, and it is not modelled here.
I have two jobs. Can I use this?
Not reliably. Tax is assessed on your combined income, so running each job separately understates the total. This calculator models one income.
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