{
  "id": "calculators/income-tax-calculator",
  "title": "Income Tax Calculator",
  "slug": "calculators/income-tax-calculator",
  "description": "# Income Tax Calculator\n\nEstimate your Australian income tax and take-home pay — including Medicare levy — for the current financial year. Essential if you have a side hustle, multiple income streams,...",
  "category": "",
  "content": "# Income Tax Calculator\n\nEstimate your Australian income tax and take-home pay — including Medicare levy — for the current financial year. Essential if you have a side hustle, multiple income streams, or you're planning a big income change.\n\nThe MyBudget Income Tax Calculator gives you the number your budget actually runs on: **take-home pay**, not gross salary.\n\n## What the calculator does\n\nEnter:\n\n- Your **gross annual income** (salary, wages, business income, investment income)\n- Any **additional income** — a side hustle, contract work, rental income\n- The **financial year** you're calculating for\n- **Medicare levy** applicability\n\nThe calculator then shows:\n\n- Total tax payable\n- Medicare levy\n- Take-home pay — annually, monthly, fortnightly, and weekly\n- Effective tax rate\n- The impact of a pay rise, a side hustle, or a change in income mix\n\n## What people use it for\n\n- **Working out your true weekly take-home** for budgeting\n- **Modelling a job change or pay rise** — the number after tax matters more than the offer letter\n- **Planning a side hustle** — knowing what you'll actually keep\n- **Understanding how additional income is taxed** at your marginal rate\n- **Setting aside tax** if you're a sole trader or freelancer paying quarterly\n- **Comparing full-time vs contract work** offers on equal terms\n- **Retirement planning** with different income sources\n\n## Why take-home pay is what your budget really runs on\n\nAustralians talk about salary in gross terms — but every budget runs on the number after tax. A $90,000 salary, a $95,000 salary with more take-home from tax-effective structuring, and a $90,000 salary with a $10,000 side hustle taxed at the marginal rate can all look different once tax lands.\n\nMyBudget builds your 12-month plan on the take-home number. Which means:\n\n- You know exactly what's landing in your account each pay\n- Your bills, savings, and lifestyle allocations add up to that number, not gross\n- A pay rise doesn't disappear because you didn't know how it would be taxed\n- A side hustle earns what it actually earns, not the pre-tax version\n\n## The math is easy. Making it happen is the hard part\n\nThe Income Tax Calculator gives you the take-home figure. What it can't do is:\n\n- **Turn that take-home into a plan** that funds bills, savings, and living\n- **Set aside tax during the year** if you're a sole trader\n- **Recut the plan** if your income changes mid-year\n- **Keep it running** for the next 12 months without you having to think about it\n\nThat's what MyBudget clients get. Every plan is built on your real take-home number, refreshed whenever life changes.\n\n## Try it now\n\n- **Use the Income Tax Calculator:** [MyBudget Income Tax Calculator](https://www.mybudget.com.au/calculators/income-tax-calculator/)\n- **Build a plan around your real take-home:** [free, obligation-free appointment](https://www.mybudget.com.au/enquire-online/)\n\n## Related pages\n\n- [The MyBudget Method](/trust/the-mybudget-method/) — how take-home pay becomes a working plan\n- [Budgeting](/services/budgeting/) — the core service\n- [First-Time Budgeting](/scenarios/first-time-budgeting/) — if a real plan is new to you\n- [Retirement Planning](/scenarios/retirement-planning/) — for planning income sources ahead\n- [Savings Calculator](/calculators/savings-calculator/)\n- [Home Loan Calculator](/calculators/home-loan-calculator/)\n- [Personal Loan Calculator](/calculators/personal-loan-calculator/)\n",
  "geography": {},
  "metadata": {},
  "publishedAt": "2026-07-17T04:01:44.041541+00:00Z",
  "tags": [],
  "workspaceId": "fd95e1d3-9064-4f51-89f5-3d0261fe556f",
  "_links": {
    "canonical": "https://mybudget.directory.norg.ai/calculators/income-tax-calculator/"
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}