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Use our free GTS/Income Tax Calculators

Your INCOME


$53,917

$53,917

$3,700


$185,000


$185,000

$53,917

$3,700


$53,917


37%


Disclaimers and assumptions

  • The rates are for Australian residents.
  • Your marginal tax rate does not include the Medicare levy, which is calculated separately.
  • The Medicare levy is calculated as 2% of taxable income for most taxpayers. The Medicare levy in this calculator is based on individual rates and does not take into account family income or dependent children.
  • The calculations do not include the Medicare Levy Surcharge (1%-1.5%), an additional levy on individuals and families with higher incomes who do not have private health insurance.
  • These calculations do not take into account any tax rebates or tax offsets you may be entitled to.
  • For the 2016-17 financial year, the marginal tax rate for incomes over $180,000 includes the Temporary Budget Repair Levy of 2%.
  • In most cases, your employer will deduct the income tax from your wages and pay it to the ATO.
  • 2020-2021 pre-budget reflects the tax rates prior to those announced in the Budget in October 2020.

PRICE


$185,000

$53,917


$185,000


Assumptions

If you are registered for GST, or required to be, the goods and services you sell in Australia are generally taxable unless they are GST-free or input-taxed.
This calculator can help when you're making taxable sales only (that is, a sale that has 10 per cent GST in the price).
To work out the cost including GST, you multiply the amount exclusive of GST by 1.1.
You divide a GST inclusive cost by 11 to work out the GST component.
A taxable sale must be:

  • for payment of some kind
  • made in the course of operating your business
  • connected with Australia.
The Australian Taxation Office website explains in more detail how the goods and services tax (GST) works.