Xero’s free income tax calculator
Estimate your income tax, Medicare levy and take-home pay in seconds with Xero's free Australian income tax calculator. Whether you're an employee or sole trader, get instant clarity on what you'll owe the ATO.
- Instantly estimate your income tax and Medicare levy
- Add your HELP or HECS debt for a more accurate result
- Know your numbers to help you meet ATO deadlines
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Understanding Your Tax Calculation Results
Your results show income tax, Medicare levy, Medicare levy surcharge, HELP repayments, and super — all calculated using current 2024–25 ATO rates.
Get more details on income taxWhat the ATO Expects on Your Tax Return
To lodge your tax return correctly, the ATO requires you to provide accurate details and have records to support every figure you submit.
- A full breakdown of all your income sources.
- Categorised lists of every single allowable expense.
- Supporting evidence, like receipts and invoices, for all transactions.
Master your income tax with Xero
Working out your income tax is even easier – and more accurate – with Xero accounting software. Your small business can streamline its tax process, whether you're hopping into the app to record business expenses on the move, or logging in from your browser to lodge your tax return online.
- Automated calculations give you the correct figures every time
- All financial records are kept in one place to make tax season simpler
- Work with your accountant on the same numbers in real time with the cloud-based software
FAQs on Xero’s income tax calculator
Any Australian resident earning salary, wages, or sole trader income. The calculator covers PAYE employees and self-employed individuals, and handles HELP debt, private health insurance status, and both base salary and total package inputs.
Any Australian resident earning salary, wages, or sole trader income. The calculator covers PAYE employees and self-employed individuals, and handles HELP debt, private health insurance status, and both base salary and total package inputs.
he calculator uses the current 2024–25 ATO tax brackets, Medicare levy thresholds, and HELP repayment rates. Results are estimates — your actual tax may differ based on deductions, offsets, and other income. We recommend confirming figures with a registered tax agent.
he calculator uses the current 2024–25 ATO tax brackets, Medicare levy thresholds, and HELP repayment rates. Results are estimates — your actual tax may differ based on deductions, offsets, and other income. We recommend confirming figures with a registered tax agent.
Your base salary is what you're paid before superannuation. A total package includes super — so a $120,000 package at the current 11.5% SGC rate means roughly $107,600 in taxable income with $12,400 going to your super fund.
Your base salary is what you're paid before superannuation. A total package includes super — so a $120,000 package at the current 11.5% SGC rate means roughly $107,600 in taxable income with $12,400 going to your super fund.
The surcharge applies if your income exceeds $97,000 (single) or $194,000 (family) and you don't hold private hospital cover. It's 1%, 1.25%, or 1.5% depending on income, on top of the standard 2% Medicare levy.
The surcharge applies if your income exceeds $97,000 (single) or $194,000 (family) and you don't hold private hospital cover. It's 1%, 1.25%, or 1.5% depending on income, on top of the standard 2% Medicare levy.
Yes. Select 'Yes' for student loan and the calculator applies the 2024–25 ATO compulsory repayment rates, starting at 1% once income exceeds $54,435 and rising to 10% above $159,664.
Yes. Select 'Yes' for student loan and the calculator applies the 2024–25 ATO compulsory repayment rates, starting at 1% once income exceeds $54,435 and rising to 10% above $159,664.
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Disclaimer
Xero does not provide accounting, tax, business or legal advice. This calculator has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business.
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