Gross and Net Income
|Net Income||Please enter salary|
- Gross Income
- is the sum of all your earnings before any taxes have been deducted, minus any exemptions.
- Net Income
- is the money you take home after all taxes and contributions have been deducted from your gross salary.
|Low Income Tax Offset|
|Temporary Budget Repair Levy|
|Tax due||Please enter salary|
- Tax due
- is the sum of all taxes and contributions that will be deducted from your gross salary.
The deductions used in the above salary calculator assume you are not married and you have no dependents.
Taxation in Australia
- Income Tax
- is a progressive tax, meaning that individuals with higher wages will be taxed more than individuals with lower wages.
- Medicare Levy
- is a contribution that enables access to the national health care system for Australian residents. Non-residents are exempt from this levy.
- Low Income Tax Offset
- is an allowance that reduces the amount of tax for Australian residents with lower earnings.
- Temporary Budget Repair Levy
- is an additional levy that must be payed by individuals with a taxable income of more than 180,000 AUD per year.
The information presented on this page is based on the fiscal regulations of Australia in 2019. Visit ato.gov.au for more details.
Financial Facts about Australia
The average monthly net salary in Australia is around 4 831 AUD, with a minimum income of 1 120 AUD per month. This places Australia on the 15th place in the International Labour Organisation statistics for 2012.
Australia uses a pay-as-you-go (PAYG) tax withholding system, meaning that tax is deducted from an employee's salary at source. Employers must calculate the amount of Income Tax, Medicare Levy and Temporary Budget Repair Levy to withhold based on the employee's declaration. Income tax on personal income is progressive, with higher rates being applied to higher income levels.
Australia is the second most livable country in the world, after Norway, according to the Human Development Index (HDI) published by the United Nations in 2013. The HDI provides a composite measure of three basic dimensions of human development: having a long and healthy life, being knowledgeable, and having a good standard of living.
Australia has one of the highest proportion of immigrants in the western world, with about a quarter of its population born overseas. Most immigrants come from the United Kingdom, New Zealand, China and India. It is estimated that by the year 2050, approximately one-third of Australia's population could be born outside its borders.