Income and tax
Income Tax Calculator
Your 2026-27 income tax, Medicare levy and take-home pay, side by side with last financial year.
Income is
Residency for tax purposes
Levies and repayments
Pay the Medicare levy
Private hospital cover
HELP or other study loan
Take-home pay, 2026-27
$74,080 a year
- Gross income
- $95,000
- Income tax
- $19,020
- Medicare levy
- $1,900
- Total tax and levies
- $20,920
- Average rate
- 22.02%
- Marginal rate
- 32%
This year compared with last year
- Tax and levies, 2026-27
- $20,920
- Tax and levies, 2025-26
- $21,188
- You keep more this year
- $268
$74,080 take-home
$73,812 take-home
$5.15 a week
Resident tax rates
2026-27
| Taxable income | Tax on this income |
|---|---|
| $0 to $18,200 | Nil |
| $18,201 to $45,000 | 15c for each $1 over $18,200 |
| $45,001 to $135,000 | $4,020 plus 30c for each $1 over $45,000 |
| $135,001 to $190,000 | $31,020 plus 37c for each $1 over $135,000 |
| $190,001 and over | $51,370 plus 45c for each $1 over $190,000 |
2025-26
| Taxable income | Tax on this income |
|---|---|
| $0 to $18,200 | Nil |
| $18,201 to $45,000 | 16c for each $1 over $18,200 |
| $45,001 to $135,000 | $4,288 plus 30c for each $1 over $45,000 |
| $135,001 to $190,000 | $31,288 plus 37c for each $1 over $135,000 |
| $190,001 and over | $51,638 plus 45c for each $1 over $190,000 |
The rates above do not include the Medicare levy of 2%. Source: Australian Taxation Office.
How this calculator works
- Uses the 2026-27 resident tax rates (the 16% rate fell to 15% from 1 July 2026), compared with 2025-26.
- Residents receive the low income tax offset where eligible.
- The Medicare levy is 2%, reduced for low incomes using the single thresholds of $28,011 to $35,013.
- The Medicare levy surcharge applies to singles without private hospital cover above $105,000 in 2026-27 ($101,000 in 2025-26).
- HELP repayments use the marginal repayment system and treat your income as repayment income.
- Deductions, other offsets, family thresholds and super contributions are not included.
Results are general estimates only and are not credit, tax or financial advice. They do not take your objectives, financial situation or needs into account. Check the figures with a licensed professional before making a decision.
Related calculators
- Income Gross Up CalculatorFind the gross income you need for a given take-home pay.
- Income Annualisation CalculatorWork out your annual income from the money you've received so far this year.
- Budget PlannerUse your income and expenses to better plan your spending.
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