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Income tax & take-home pay — FY 2026–27
The 1 July 2026 tax cut is now in effect: the 16% rate dropped to 15%. Enter your taxable income to see your tax, your take-home pay, and what the cut saves you this year.
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$0$150k$300k+
Assumptions
- Australian tax resident, FY 2026–27 resident rates (0% to $18,200 · 15% to $45,000 · 30% to $135,000 · 37% to $190,000 · 45% above).
- Includes the Low Income Tax Offset (max $700). Excludes HELP/HECS repayments, private health rebate and Medicare levy surcharge.
- Medicare levy applied at a flat 2%; low-income levy reductions are not modelled.
- Employer superannuation (12%) is paid on top of salary and not deducted here.
- Income tax (before offsets)
- $19,020
- Low income tax offset (LITO)
- $0
- Medicare levy (2%)
- $1,900
- Total tax & levy
- $20,920
- Take-home pay (annual)
- $74,080
- ≈ per month $6,173
Effective rate
22.0%
Marginal rate
30%
Saved by the 1 July 2026 tax cut$268
This calculator is a general guide only and is not tax, financial or credit advice. Your actual position depends on your circumstances. Talk to us before acting on it.
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