Pay calculator for FY 2020-21
Income tax for the Australian financial year starting 1 July 2020. Super rate 9.5%.
What changed in FY 2020-21
- Stage 2 tax cuts brought forward (32.5% bracket extended to $120k).
- LMITO worth up to $1,080 for middle earners.
- Super Guarantee rate 9.5%.
Your income
Take-home0.0% effective
$0
per year after tax
Gross salary$0
Taxable income$0
Income tax$0
Low-income offset-$700
Medicare levy$0
Total tax$0
Employer super (SG)$0
Total super$0
Marginal rate0%
Pay breakdown
| Per | Gross | Tax | Super | Take-home |
|---|---|---|---|---|
| Year | $0 | $0 | $0 | $0 |
| Month | $0 | $0 | $0 | $0 |
| Fortnight | $0 | $0 | $0 | $0 |
| Week | $0 | $0 | $0 | $0 |
| Day | $0 | $0 | $0 | $0 |
| Hour | $0.00 | $0.00 | $0.00 | $0.00 |
Tax brackets
$0 – $18,2000%
$18,200 – $45,00016%
$45,000 – $135,00030%
$135,000 – $190,00037%
$190,000+45%
Same income, different years
| FY | Tax | Take-home | vs. selected |
|---|---|---|---|
| FY2020-21 | $0 | $0 | — |
| FY2021-22 | $0 | $0 | — |
| FY2022-23 | $0 | $0 | — |
| FY2023-24 | $0 | $0 | — |
| FY2024-25 | $0 | $0 | — |
| FY2025-26selected | $0 | $0 | — |
| FY2026-27 | $0 | $0 | — |
Reverse calculator
What gross salary gives you a specific take-home?
Required gross salary
$105,654
Tax at common incomes (FY 2020-21)
Based on a single Australian resident with private hospital cover. Figures include the 2% Medicare levy.
Frequently asked questions
What are the Australian tax brackets for FY 2020-21?
$0 – $18,200: 0%; $18,200 – $45,000: 19%; $45,000 – $120,000: 33%; $120,000 – $180,000: 37%; $180,000 and above: 45%.
What is the Super Guarantee rate in FY 2020-21?
The Super Guarantee rate for FY 2020-21 is 9.5% of ordinary time earnings, up to a maximum contribution base of $57,090 per quarter.
How much tax do I pay on $100,000 in FY 2020-21?
A resident earning $100,000 taxable income in FY 2020-21 pays $22,967 in income tax, plus the 2% Medicare levy ($2,000), before offsets.
When does the FY 2020-21 Australian financial year start and end?
The Australian financial year 2020-21 starts on 1 July 2020 and ends on 30 June 2021.