Income Tax Calculator, Australia

Find how much your salary is after tax

Deductions
Salary
$120,000
Income tax payable
- $31,897
Medicare levy payable
- $2,400
Total tax
- $34,297
Net pay
* $85,703
Marginal tax rate
39.00%
Average tax rate
28.58%
71.4%
Net pay
28.6%
Total tax
Total tax
Net pay
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Tax per income

NOTE* Deductions are calculated based on the tables of Australia, 2020 income tax. For simplification purposes some variables (such as marital status and others) have been assumed. Unfortunately, we cannot take into account any unique tax rebates or offsets you may be entitled to in our calculations. This document does not represent legal authority and shall be used for approximation purposes only.