Australian Income Tax Calculator
Calculate your annual income tax (IR) and monthly withholding (IRRF)
Additional Information and Definitions
Monthly Gross Salary
Your regular monthly salary before deductions
13th Salary Amount
Your annual 13th salary payment (usually equal to one month's salary)
Other Annual Income
Additional annual income from rentals, investments, etc.
Number of Dependents
Number of qualifying dependents for tax purposes
Monthly Health Expenses
Monthly medical and dental expenses (fully deductible)
Annual Education Expenses
Annual education expenses (limited to A$ 3,561.50 per person in 2024)
Monthly Pension Contribution
Monthly private pension plan contributions
Other Annual Deductions
Other allowable annual deductions
Monthly Tax Withholding (IRRF)
Amount of income tax withheld monthly by employer
Estimate Your Australian Tax Liability
Calculate taxes, deductions, and potential refunds using current tax tables
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Understanding Australian Income Tax Terms
Key terms to help you understand Australian income tax calculations
IRRF:
Income tax withheld at source monthly by employers based on salary range
IRPF:
Annual income tax declaration where total tax liability is calculated
Deductible Expenses:
Expenses that can reduce taxable income, including health, education, and dependents
Tax Base Reduction:
Total amount of deductions that reduce your taxable income
Simplified Deduction:
Optional 20% standard deduction instead of itemizing expenses
5 Tax Secrets That Could Save You Thousands in Australia
Australian income tax law offers numerous opportunities for legal tax reduction that many taxpayers overlook. Here are some surprising ways to optimise your tax situation.
1.The Hidden Health Deduction Loophole
While most know about deducting doctor visits, few realise that health insurance premiums, orthodontic treatments, and even contact lenses are fully deductible with proper documentation.
2.The Dependent Strategy
Beyond children, parents and grandparents can qualify as dependents if you provide more than 50% of their support, potentially saving thousands in taxes annually.
3.The Education Expense Trick
While there's a cap on education expenses, courses related to your profession can be fully deductible as professional development instead of education expenses.
4.The Pension Contribution Advantage
Strategic use of private pension plans (PGBL) can reduce taxable income now and provide tax advantages during retirement through proper withdrawal planning.
5.The Donation Tax Benefit
Donations to certain cultural and social projects can provide tax deductions of up to 6% of tax due, effectively letting you choose where your tax money goes.