Calculate a simple income tax liability based on the ATO’s personal income tax rates and thresholds.
Use this simple, accurate tax calculator to work out how much you will be paid.
| 2019 – 2020 Financial Year Income Tax | |
|---|---|
| Taxable income | Tax on this income |
| 0 – $18,200 | Nil |
| $18,200- $37,000 | 19c for each $1 over $18,200 |
| $37,000-$90,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $90,000-$180,000 | $20,797 plus 37c for each $1 over $90,000 |
| $180,000 and over | $54,097 plus 45c for each $1 over $180,000 |
| 2018 – 2019 Financial Year Income Tax | |
|---|---|
| Taxable income | Tax on this income |
| 0 – $18,200 | Nil |
| $18,200- $37,000 | 19c for each $1 over $18,200 |
| $37,000-$90,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $90,000-$180,000 | $20,797 plus 37c for each $1 over $90,000 |
| $180,000 and over | $54,097 plus 45c for each $1 over $180,000 |
This calculator does not take into account possible tax deductions and tax offsets that may lower the tax you pay.
The rates are for Australian residents.
Need more information on this income tax calculator? Contact us on 02 8530 1107 or Submit your scenario online
We meet for a consultation, obtain your supporting documents and proceed to structure and package your application for approval knowing exactly what the banks want to see. We also monitor your home loan post approval ensuring you’re home loan suits you and your financial position
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With our many years experience in the industry, we’ve been exposed to both easy and complex loan scenarios. Each loan we process gets presented to over sixty financial institutions, ensuring we have explored all options possible and are able to provide a solution
Whether you’re a first home buyer looking at entering the market or an existing home owner looking at ways to save money on your home loan, we have you covered. We’ve put hundreds of hours of research into these guides to ensure you end up ahead, and it’s completely on the house.
The odds are that you’ve stumbled across the term lender’s mortgage insurance and you’re wondering what it stands for. Well, you’ve come to the right place. This article will clarify this term, so that you can understand what it is, the concept behind it and the approximate costs. Let’s get started!
The odds are that you’ve stumbled across the term lender’s mortgage insurance and you’re wondering what it stands for. Well, you’ve come to the right place. This article will clarify this term, so that you can understand what it is, the concept behind it and the approximate costs. Let’s get started!
Before buying or selling a house, you have to know the value it has on the current market. Naturally, you could value your property yourself – but you may take more things into account when doing so, such as emotional value. Thus, you can come up with a higher value.
The odds are that you’ve stumbled across the term lender’s mortgage insurance and you’re wondering what it stands for. Well, you’ve come to the right place. This article will clarify this term, so that you can understand what it is, the concept behind it and the approximate costs. Let’s get started!
The odds are that you’ve stumbled across the term lender’s mortgage insurance and you’re wondering what it stands for. Well, you’ve come to the right place. This article will clarify this term, so that you can understand what it is, the concept behind it and the approximate costs. Let’s get started!
The odds are that you’ve stumbled across the term lender’s mortgage insurance and you’re wondering what it stands for. Well, you’ve come to the right place. This article will clarify this term, so that you can understand what it is, the concept behind it and the approximate costs. Let’s get started!
What you need to know before you purchase your first property and how to fast track it. We have designed this guide to get you up to date with everything you need to know about being a first home buyer. Whether you have a short term goal of purchasing your first property or are thinking about it sometime later down the track, this guide will cover important essential aspects of this exciting journey.
What the banks won’t tell you and how to save serious money on your home loan. By Investing 10 minutes of your time to read through our guide, not only will you learn the tips and tricks the banks won’t always tell you to assist you with paying off your home loan sooner, but also gain an insight into some techniques that will allow you to minimise the interest you pay to the bank.
The best way to take control of your finances is to use a budget planner. This is a simple tool that helps you understand the money going in and out of your household. With our Highline Lending Budget Planner, we’ve got you covered. This handy tool allows you to log and track your goals, track your savings, track your debt and expenses and keep a monthly record for an end of year evaluation.
