Take-Home Pay Calculator
See exactly what lands in your bank account after tax, Medicare, and HECS. Updated for FY2025-26 rates.
You keep 74.4% of your gross salary|Effective tax rate: 25.6%|Next dollar taxed at 30c
| Annual/yr | Monthly/mo | Fortnightly/fn | Weekly/wk | |
|---|---|---|---|---|
| Gross Salary | $120,000 | $10,000 | $4,615 | $2,308 |
| Income Tax | -$26,788 | -$2,232 | -$1,030 | -$515 |
| Medicare Levy | -$3,900 | -$325 | -$150 | -$75 |
| Take-Home Pay | $89,312 | $7,443 | $3,435 | $1,718 |
| Super (employer) | +$14,400 | +$1,200 | +$554 | +$277 |
Your Tax Brackets
Medicare Levy Surcharge applies. This estimate includes $1,500/yr of surcharge. You can compare with private hospital cover marked on, but policy cost and suitability depend on your circumstances.
Based on FY2025-26 tax rates (1 July 2025 - 30 June 2026). Estimates only.
Disclaimer: This calculator provides estimates for general information purposes only. Results may not be 100% accurate and should not be relied upon for financial decisions. Tax rules, rates, and thresholds change — always verify with the ATO, official government sources, or a qualified financial adviser, tax professional, or accountant. This is not financial advice.
How Australian income tax works
Australia uses a marginal tax system. This means you don't pay a flat rate on your entire income. Instead, different portions of your income are taxed at different rates. Only the income within each bracket is taxed at that bracket's rate.
For example, if you earn $120,000, the first $18,200 is tax-free. The next $26,800 (up to $45,000) is taxed at 16%. The remaining $75,000 (up to $120,000) is taxed at 30%. Your effective tax rate ends up much lower than your top marginal rate.
FY2025-26 income tax brackets
| Taxable Income | Rate | Tax on this income |
|---|---|---|
| $0 - $18,200 | 0% | Nil |
| $18,201 - $45,000 | 16% | 16c for each $1 over $18,200 |
| $45,001 - $135,000 | 30% | $4,288 plus 30c for each $1 over $45,000 |
| $135,001 - $190,000 | 37% | $31,288 plus 37c for each $1 over $135,000 |
| $190,001+ | 45% | $51,638 plus 45c for each $1 over $190,000 |
Source: Australian Taxation Office, FY2025-26 resident tax rates. The Low Income Tax Offset (LITO) of up to $700 is applied automatically in this calculator.
Medicare levy
Most Australian taxpayers pay a 2% Medicare levy on their taxable income to help fund the public healthcare system. If you earn under $27,222, you may be exempt or pay a reduced rate.
If you earn over $93,000 (single) and don't have private hospital cover, you'll also pay the Medicare Levy Surcharge(1% - 1.5% depending on income). Toggle "I have private health insurance" in the calculator above to see the difference.
HECS/HELP repayment thresholds
From FY2025-26, HECS/HELP uses a marginal repayment system. Instead of a flat percentage on your total income, you pay a marginal rate on income above each threshold:
| Repayment Income | Repayment |
|---|---|
| Below $67,000 | Nil |
| $67,001 - $125,000 | 15% of income above $67,000 |
| $125,001 - $179,285 | $8,700 + 17% of income above $125,000 |
| Above $179,285 | 10% of total income |
Source: ATO, FY2025-26 HELP repayment thresholds and rates. HECS debts are indexed annually at the lower of CPI or WPI.
Superannuation (employer contribution)
Your employer is required to pay 12% of your ordinary time earnings into your super fund. This is on top of your salary, not deducted from it. The Superannuation Guarantee rate is set at 12% for FY2025-26.
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