PAYG Income Tax Calculator
Estimate your take-home pay after tax and Medicare levy — Australia
When applying for a home loan or car loan, lenders assess your net income after tax. Use this calculator to estimate your weekly, fortnightly, or monthly take-home pay for the current financial year.
Calculate Your Take-Home Pay
Confirm the figures with the ATO
Income tax brackets, the Medicare levy and the compulsory superannuation rate are set by legislation and change between financial years. The calculator above is an estimate to help you sanity-check your take-home pay. The ATO is the authority for the current figures.
How Lenders Use PAYG Income
Lenders calculate serviceability using your gross income minus tax and other deductions. Understanding your net pay helps you estimate your borrowing capacity before applying for finance.
Ready to Check Your Borrowing Power?
Phone: 1300 17 2346 | Email: info@sbfinance.com.au
Disclaimer: This calculator is provided as a general guide only and the results are estimates, not a quote or an offer of credit. We cannot guarantee the accuracy or currency of the figures it produces. Tax rates, stamp duty thresholds, lender rates and government rules change regularly, and the calculator may be based on outdated information. Always confirm current figures with a qualified professional or the relevant authority before making any financial decision. SB Finance (AUST) Pty Ltd accepts no liability for any reliance placed on these results.