The calculations provided by this tool are estimates only and are based on publicly available information from the Australian Taxation Office (ATO). They are intended for general informational purposes and apply to Australian residents. This calculator does not account for individual circumstances such as tax offsets, rebates, or other personal entitlements that may affect your final tax outcome. *Medicare Levy calculations are based on the standard 2% rate for individuals with no dependants and do not include any applicable reductions, exemptions, or surcharge considerations. **Division 293 tax is estimated using the lesser of your concessional superannuation contributions or the amount exceeding the $250,000 income threshold. Please note that Division 293 tax is not included in the total tax figure displayed.While efforts are made to ensure accuracy, no guarantee is given that the information is complete or current. The results should not be relied upon for financial, tax, or legal decisions. For personalized advice, consult a qualified tax professional or refer directly to the Australian Taxation Office (ATO).
Student Loan - Based on rates for Higher Education Loan Program (HELP), VET Student Loan (VSL), Student Financial Supplement Scheme (SFSS), Student Start-up Loan (SSL), ABSTUDY Student Start-up Loan (ABSTUDY SSL), Australian Apprenticeship Support Loan (AASL) – previously known as Trade Support Loan (TSL) - (ATO).