Compare income tax for years 201 /12 and 2012/13
Most taxpayers pay a levy of 2.0% to fund Medicare. Untick this option if you do not want the levy included in your calculation.
The Medicare levy in this calculator is calculated as 2% of taxable income and does not take into account family income or dependent children, thresholds, exemptions or reductions.
For many tax payers the levy is not payable if your taxable income is $22,398 or less (seniors have a higher threshold). You may qualify for an exemption if you are a foreign resident, are not eligible for Medicare benefits or fit one of the other exemption categories.This is not accounted for in the InfoChoice Income Tax Calculator.
You may qualify for a reduction or exemption; however, this is not accounted for in the InfoChoice Income Tax Calculator.
Rates and thresholds correct from 2019-20. For more information visit the ATO’s website.
The 1% additional surcharge is payable if you (or any of your dependants) don’t
have qualifying private health insurance and your income is more than:
- $90,000 for a single person with no dependants
- $180,000 for a couple with up to one dependant child, plus $1,500 for every additional child.
Tick this option if you would like to include the levy surcharge in your calculation.
Rates and thresholds correct from 2014-15. For more information visit the ATO’s website.
As part of the 2014-15 Federal budget the Government introduced a Temporary Budget Repair Levy of 2%.
Individual taxpayers with a taxable income of more than $180,000 per year will have additional tax withheld by their employer, starting from 1 July 2014.
The levy is payable at a rate of two per cent of each dollar of a taxpayer’s taxable income over $180,000.
The levy will cease to apply from 1 July 2017
Rates and thresholds correct from 2014-15. For more information visit the ATO’s website
The flood levy is payable if your taxable income is over $50,000 in the 2011-12 financial year. Individuals affected by specific natural disasters will not have to pay the levy.
Untick this option if you do not want the levy included in your calculation (the levy will only be calculated if your taxable income is over $50,000).
Refer to the ATO’s website for a description of the exemption categories.
2018 / 2019 Financial Year Tax on income
Previous Tax Thresholds 2018 / 2019 Income RangeTax Rate