Tax Calculator: Simplify Your Tax Planning Today

Tax time shouldn’t feel like a mystery novel. If you’re asking, “How much tax will I pay in Australia this year?” — we’ve got you covered. Our free tax calculator helps you estimate your tax liability in minutes, so you can plan better and breathe easier.

Who’s This Calculator For?

• Employees (PAYG) who want to know their take-home pay

• Contractors and sole traders working in the gig economy

• Small business owners forecasting cash flow

• Students or part-timers with multiple income streams

• Anyone trying to plan smarter before tax season

💡 How the Tax Calculator Works

Our tool uses the latest ATO income tax brackets to give you real-time results. You just enter your estimated annual income, and the calculator provides an estimate of:

• Total tax payable

• Medicare levy

• Tax offsets (where applicable)

• Net income after tax

• 
  

It’s based on publicly available ATO rates and is updated yearly to reflect changes in tax thresholds.

➡️ Want to speak with a tax pro instead? Book a free consultation here or explore our individual tax return service.

🧾 Example Tax Estimate

Here’s what a simple calculation looks like:

Annual income: $85,000

Estimated tax payable: $17,547

Medicare Levy: $1,700

Net income after tax: ~$65,753

This doesn’t factor in deductions, tax offsets, or business expenses, which we can help you claim with our business tax planning services.

EOFY Tips: Reduce Your Tax Bill Legally

1. Claim All Legitimate Deductions

Home office costs, tools, travel, training — don’t leave money on the table.

2. Prepay Expenses Before 30 June

Claim next year’s costs this year — such as insurance, rent, or subscriptions.

3. Super Contributions

Make a personal deductible contribution to super before EOFY and claim it.

❓Frequently Asked Questions

📌 Is this tax calculator accurate?

It’s built using the ATO’s official tax rates and is updated every financial year. However, it provides a general estimate only. Final results may differ once deductions, offsets, and personal circumstances are factored in.

📌 Can I use it for business income?

Yes — if you’re a sole trader, it will give you an estimate. But it doesn’t account for deductions, GST, or BAS. For a more tailored business tax plan, chat with our small business team.

📌 Can it be used for students or part-time workers?

Absolutely. The tool works with any annual income level, including those below the tax-free threshold.

📌 Is it ATO approved?

No tool outside of the ATO is “approved,” but ours is ATO-compliant — using the official tax brackets and Medicare levy formulas. You can view these directly on the ATO website.

While tax calculators are fantastic for quick estimates, they don’t replace expert advice. Tax rules can be complicated, especially for businesses with multiple income streams or specific deductions.

If you want personalised tax strategies, professional guidance is essential. At Adenix Accounting, we offer tailored tax advice and accounting solutions to ensure you’re maximising your benefits while staying compliant with regulations.

📞 Contact us today to schedule a free consultation or fill out the form on our website to get started!