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IQPayslipIQ

Australia's smart payslip, tax and take-home pay calculator.

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Australian Income Tax Calculator

Estimate the tax on your income for 2026-27, including the Medicare levy and any study loan repayment.

Written and checked by , Founder and EditorPublished Updated Figures checked against ATO and Fair Work sources.
Resident ratesForeign resident ratesWorking holiday makerMedicare levyHELP/STSL

Short answer

Australian residents pay no income tax on the first $18,200 for 2026-27, then 15% to $45,000 (cut from 16% on 1 July 2026), 30% to $135,000, 37% to $190,000 and 45% above, plus a 2% Medicare levy. Foreign residents pay 30% from the first dollar.

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Income details

Estimated result

Take-home (annual)

$63,880.00

$63,880 per year

Total tax (annual)

$16,120

Effective 20.2%

Gross$80,000.00
Income tax-$14,520.00
Medicare levy-$1,600.00
Net pay$63,880.00
Effective tax 20.2%Marginal rate 30.0%

Next steps

Compare a job offerCompare moving to AustraliaBreak down a payslipSee every 2026-27 rate
General information only. This is an estimate and not tax, legal, financial or migration advice. Results may differ from your employer's payroll, the ATO or your final assessment. Always check official sources or a qualified professional.

2026-27 resident tax rates

  • $18,200 or less: nil
  • $18,201 - $45,000: 15%
  • $45,001 - $135,000: 30%
  • $135,001 - $190,000: 37%
  • Over $190,000: 45%

Marginal vs effective tax rate

Your marginal rate is the rate on your next dollar; your effective rate is total tax divided by income, which is lower because the first brackets are taxed less. The calculator shows both.

Frequently asked questions

Does this include the Medicare levy?+

Yes - the estimate adds the 2% Medicare levy for residents, plus any HELP/STSL repayment you select.

What about the low income tax offset?+

The calculator applies the Low Income Tax Offset (up to $700), which reduces tax for lower incomes.

Are these the 2026-27 rates?+

Yes. Rates are verified against the ATO and federal legislation for the 2026-27 financial year (1 July 2026 to 30 June 2027), including the 15% rate that replaced 16% on 1 July 2026.

General information only. This is an estimate and not tax, legal, financial or migration advice. Results may differ from your employer's payroll, the ATO or your final assessment. Always check official sources or a qualified professional.
Sources & methodology

Last updated 13 August 2026. Figures use the 2026-27 financial year.

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Australian Payslip CalculatorTake-Home Pay CalculatorSuperannuation CalculatorMedicare Levy CalculatorHELP/STSL Repayment CalculatorSalary Including Super ExplainedMoving to Australia ComparisonJob Offer ComparisonEmployer Payslip Checker

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