2020 Income Tax Calculator
This tax calculator can be used to work out your tax, medicare levy and likely offsets based on your 2020 gross pay. Use as a guide for completing your tax return or to see how much tax you pay based on your wage or business profit. You could also use this calculator as a guide to how much tax your employer should be withholding or your business should be allowing for. This calculator applies to the 2020 financial year based on Australian taxation.
Net Tax Payable After Offsets
*Use as a guide only and always consult with a professional. For simplicity, the calculator assumes you are an individual and doesn't take spouse income into account. Other factors such as HELP repayments, other offsets etc are not included and may affect your tax position