Calculators / Income tax
Income tax, and what actually lands in your account.
Estimate your 2026-27 income tax, Medicare levy, LITO and take-home pay. It runs the same engine as the PFO app1.
Estimated take-home pay
$74,080
from $95,000, $20,920 in tax & levies
Income tax (after LITO)$19,020
Medicare levy$1,900
Total tax & levies$20,920
Effective 22.0% Marginal 30% LITO —
How the 2026-27 brackets stack up
Residents only. Each rung is a marginal rate — you pay it only on the income inside that band, never on the whole amount. The highlighted rung is your top band.
$0 – $18,200 0%
$18,201 – $45,000 15%
$45,001 – $135,000 30%
$135,001 – $190,000 37%
$190,001 + 45%
From 1 July 2026 the second bracket dropped from 16% to 15% (legislated). Non-residents and working-holiday makers use different rates and pay no Medicare levy or LITO.
- 1 Uses the same tax engine as the PFO app, for FY 2026-27. Estimate only, general information, not advice.
Common questions
How much tax do I pay on $95,000?+
About $20,920 in tax and Medicare as a resident in 2026-27, leaving roughly $74,080 take-home.
What is the tax-free threshold?+
Residents pay no income tax on the first $18,200 of taxable income.
What is the Medicare levy?+
A 2% levy on taxable income for most residents, phased in above a low-income threshold. Foreign residents and working-holiday makers don't pay it.
Official sources