This calculator provides basic tax rates only. Please contact your local office for detailed advice on your tax situation.

In addition, the Medicare Levy of 1.5% is also payable where a person’s taxable income exceeds a threshold amount. The threshold amount is indexed annually and varies, depending on a person’s circumstances. The Medicare Levy is increased to 2.5% for single people with an income of $50,000 or more, and families with a combined income of $100,000 or more, unless they hold private health insurance.

Different tax rates apply for

• non-residents;
• those under the age of 18; and
• those who leave full-time education for the first time in a financial year.

Tax offsets are also available which reduce the amount of tax payable. Tax offsets may apply to you if you:

• have an income below $27,475;
• receive certain Australian government allowances and payments; or
• are a senior citizen; or
• have any dependents; or
• live in a remote area; or
• receive certain types of income or incur certain expenses.

DISCLAIMER: This information should be taken as a guide only. Sothertons takes no responsibility for the accuracy of this calculator.

This calculator provides basic tax rates only. Please contact your local office for detailed advice on your tax situation.