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. The same engine as the PFO app.
What you earn
Your estimated result
The calculation stays in your browser. Email is optional — 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.