Australia · Updated for 2026–27
Income tax calculator Australia 2026–27
On $80,000 of taxable income in 2026–27, an Australian resident pays $14,520.00 income tax plus $1,600.00 Medicare levy. The cut to the first rate, from 16% to 15%, saves $268 a year on any income over $45,000.
Type your taxable income for the year: your salary and other income, less deductions.
$80,000 taxable income · Resident · 2026–27
$16,120.00 income tax and Medicare levy
20.2% of your income. That is $268.00 less income tax than in 2025–26, from the cut to the first rate.
| Amount | |
|---|---|
| Taxable income | $80,000.00 |
| $26,800 at 15% | $4,020.00 |
| $35,000 at 30% | $10,500.00 |
| Tax on the bands | $14,520.00 |
| Income tax | $14,520.00 |
| Medicare levy (2%) | $1,600.00 |
| Total | $16,120.00 |
What are the income tax rates for 2026–27?
For Australian residents, on taxable income, from 1 July 2026 to 30 June 2027. The Medicare levy of 2% is on top.
| Taxable income | Tax on this income |
|---|---|
| 0 – $18,200 | Nil |
| $18,201 – $45,000 | 15c for each $1 over $18,200 |
| $45,001 – $135,000 | $4,020 plus 30c for each $1 over $45,000 |
| $135,001 – $190,000 | $31,020 plus 37c for each $1 over $135,000 |
| $190,001 and over | $51,370 plus 45c for each $1 over $190,000 |
How much does the tax cut save me?
The first rate is 16% in 2025–26, 15% in 2026–27 and 14% from 2027–28. Each step is worth up to $268 a year:
| Taxable income | Saved in 2026–27 | Saved again from 2027–28 |
|---|---|---|
| $30,000 | $118.00 | $118.00 |
| $45,000 | $268.00 | $268.00 |
| $80,000 | $268.00 | $268.00 |
| $150,000 | $268.00 | $268.00 |
How is the tax on $80,000 worked out?
Nothing on the first $18,200; 15% on the next $26,800 ($4,020.00); 30% on the $35,000 above $45,000 ($10,500.00). Income tax $14,520.00, plus the Medicare levy of $1,600.00. A resident pays no income tax at all on up to $22,866, once the low income tax offset is counted.
How are foreign residents and working holiday makers taxed?
Foreign residents pay 30% from the first dollar up to $135,000, then the resident rates; working holiday makers pay 15% up to $45,000, then the same. Neither gets the tax-free threshold or the low income tax offset, and neither pays the Medicare levy. Take-home pay by fortnight: the pay calculator.
What else can I work out?
- Pay calculator Take-home pay after tax, Medicare and HECS, by year, month, fortnight and week, with super.
- HECS repayment calculator Your compulsory HELP repayment on any income, and how long the debt takes to clear.
- Super guarantee calculator Your employer’s 12% super, and a package split into salary and super.
Questions about income tax in Australia
What are the tax rates for 2026–27?
For residents: nil to $18,200, 15% to $45,000, 30% to $135,000, 37% to $190,000, and 45% above. Plus the 2% Medicare levy.
How much is the tax cut worth?
The first rate falls from 16% to 15% in 2026–27, worth up to $268 a year, and to 14% from 2027–28, worth up to $268 more. Everyone earning over $45,000 gets the full amount; on $30,000 the saving is $118.
What is the low income tax offset?
Up to $700 off the income tax of residents earning $37,500 or less, shrinking to nothing at $66,667. It is applied when you lodge your return. Together with the tax-free threshold, it means a resident pays no income tax on up to $22,866.
Who pays the Medicare levy?
Residents: 2% of taxable income. A single person pays none on $28,011 or less and a reduced amount up to $35,013. Foreign residents do not pay it. Without private hospital cover, higher earners may also pay the Medicare levy surcharge, which this calculator leaves out.
Is this my taxable income or my salary?
Taxable income: your salary and other income, less deductions. For a salary with no deductions they are the same. Your take-home pay by fortnight: the pay calculator.