Income Tax Calculator Australia 2026-27
Estimate your income tax, Medicare levy, LITO and take-home pay for FY 2026-27, reflecting the legislated 15% second bracket. It runs the same engine as the PFO app.
What you earn
Your estimated result
The calculation stays in your browser. Email is optional, and we'll send this estimate and your launch invite.
How much tax will I pay in 2026-27?
On a $95,000 salary as a resident, income tax after the Low Income Tax Offset plus the 2% Medicare levy comes to about $20,920, leaving roughly $74,080 take-home, an effective rate near 22.0%. Enter your own income above for an exact estimate.
2026-27 tax brackets (residents)
| Taxable income | Marginal rate |
|---|---|
| $0 – $18,200 | 0% (tax-free) |
| $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. Switch residency above.
Income tax FAQ
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.
Take-home pay by salary
Quick answers for common incomes (2026-27, resident):
Rates current as at 2026-07-04. Estimate only, general information, not advice.