Income Tax Calculator — 2025–26
Includes 2025–26 resident tax rates, Medicare levy, LITO, Medicare levy surcharge, and HELP/HECS repayments.
Australian Tax Brackets 2025–26
The following 2025–26 rates apply to Australian residents for the year ending 30 June 2026. Medicare levy is additional where applicable:
| Taxable Income | Tax Rate | Tax on This Bracket |
|---|---|---|
| $0 – $18,200 | 0% (tax-free) | Nil |
| $18,201 – $45,000 | 16% | Up to $4,288 |
| $45,001 – $135,000 | 30% | Up to $27,000 |
| $135,001 – $190,000 | 37% | Up to $20,350 |
| Over $190,001 | 45% | Unlimited |
Medicare Levy
The Medicare Levy is an additional 2% on your taxable income, used to fund Australia's public health system. Low-income earners may receive a reduction or exemption. For 2025–26, singles without eligible hospital cover may pay the Medicare Levy Surcharge once income exceeds $101,000. Families start at $202,000, plus $1,500 for each dependent child after the first.
Low Income Tax Offset (LITO)
LITO provides up to $700 in tax relief for incomes up to $37,500. It phases out at 5 cents per dollar between $37,500 and $45,000, then at 1.5 cents per dollar between $45,000 and $66,667.
Capital Gains Tax Calculator — Australia
Calculate CGT on shares, property, crypto, or any asset. Includes the 50% CGT discount for assets held over 12 months.
Capital Gains Tax in Australia — Complete Guide
Capital Gains Tax (CGT) in Australia is not a separate tax — capital gains are added to your assessable income and taxed at your marginal rate. The key advantage for long-term investors is the 50% CGT discount: if you hold an asset for more than 12 months before selling, only 50% of the capital gain is included in your taxable income.
What Triggers a CGT Event?
CGT applies when you sell or dispose of a capital asset — including shares, ETFs, investment properties, cryptocurrency, business assets, and collectibles over $500. Your main residence is generally exempt. Gifts, transferring assets to a trust, and some company transactions can also trigger CGT events.
Crypto and CGT
The ATO treats cryptocurrency as property, not currency. Every disposal (selling, trading, or using crypto to purchase goods) is a CGT event. Crypto-to-crypto trades (e.g. swapping Bitcoin for Ethereum) are also taxable events. The 50% discount applies if you held the crypto for over 12 months. Accurate record-keeping is essential — track the AUD value at the time of every transaction.
GST Calculator — Australia
Add or remove GST from any amount. Useful for business owners, freelancers, and BAS preparation.
GST in Australia — Business Guide
The Goods and Services Tax (GST) is a 10% tax on most goods, services, and other items sold or consumed in Australia. Businesses registered for GST collect it on behalf of the government and can claim credits for GST paid on business purchases (input tax credits).
Do I Need to Register for GST?
You must register for GST if your annual turnover is $75,000 or more ($150,000 for non-profit bodies). Taxi and ride-sharing drivers must register regardless of turnover. If you're under the threshold, registration is optional but may be beneficial if you have significant GST-creditable expenses.
GST and BAS
Registered businesses report GST via a Business Activity Statement (BAS) — usually quarterly or monthly. Your BAS shows GST collected minus GST credits, with the net amount paid to or refunded by the ATO. Accurate record-keeping and accounting software (Xero, MYOB, QuickBooks) make BAS preparation much simpler.
Side Hustle & Freelance Tax Calculator
Estimate tax on your freelance, gig economy, or side business income. Includes sole trader tax, GST threshold, super obligations, and quarterly instalment estimates.
Tax on Side Hustles in Australia — What You Must Know
All income from side hustles, freelance work, and the gig economy is taxable in Australia — whether or not you receive a payment summary or the platform reports it to the ATO. The ATO has data-matching programs with most major platforms including Uber, Airbnb, Etsy, and eBay.
Sole Trader vs Company
Most side hustlers operate as sole traders — simple to set up, no separate tax return, income is just added to your personal return. A company structure makes sense once you're earning consistent profit above $80,000–$100,000 from your side business, as the 25% company tax rate becomes advantageous over personal marginal rates. Seek advice before structuring.
What Can I Deduct?
You can claim genuine business expenses including: equipment and technology directly used in the business, a portion of phone and internet (business use %), home office running costs using the 70¢/hr fixed rate from 1 July 2025, subscriptions and software, professional development directly related to income, and vehicle costs if used for work, not commuting. The expense must be directly related to earning your side hustle income.
PAYG Instalments
Once your side hustle income exceeds ~$4,000 in business/investment income (and total tax is over $1,000), the ATO will require quarterly PAYG instalments — pre-paying your expected annual tax bill. This prevents a large lump-sum tax bill at year-end. Many people find it helpful to voluntarily start paying quarterly anyway.
Salary Sacrifice Calculator — Super Contributions
Estimate take-home pay impact and potential tax savings from salary sacrificing into super. Uses the 2025–26 concessional contribution cap.
Salary Sacrifice to Super in Australia
Salary sacrifice allows you to direct part of your pre-tax salary into super. Concessional contributions are generally taxed at 15% inside super, which can be lower than your marginal tax rate. For 2025–26, the general concessional contributions cap is $30,000 and includes employer SG contributions.
Who benefits most?
Salary sacrifice often gives the biggest tax benefit to middle and higher income earners. The calculator compares your estimated tax position before and after salary sacrifice and shows the approximate cashflow impact.
Dividend Tax Calculator — Franking Credits
Estimate how Australian franked and unfranked dividends affect taxable income, franking credits, tax payable and possible refund outcomes.
How Dividend Tax and Franking Credits Work
Australian companies may pay franked dividends where company tax has already been paid. The franking credit is added to your assessable income and then applied as a tax offset. This can reduce tax payable and may create a refund for eligible Australian residents.
Fully franked vs unfranked dividends
A fully franked dividend carries the maximum franking credit based on the company tax rate. Unfranked dividends are simply included as income without a franking credit. Partly franked dividends are split between franked and unfranked components.