Basic Tax Calculator 2016

Basic personal tax calculator for financial year 2015/2016.

Annual Assessable Income
Tax Free Threshold
Marginal Tax Rate
	Yearly	Monthly	Fortnightly	Weekly
Tax on Taxable Income
- Tax Offsets (Non-Refundable)
= Net Tax Payable
+ Medicare Payable
= Tax Liability
Effective Tax Rate

Assumptions: Financial Year 2016, Australian Tax Resident, Not a minor, Private Health Insurance, No Help/SFSS student loans, Single, no dependents.

Disclaimer: The information from this calculator should be used as a guide only. The figures and formula used within this calculator may change at any time without notice. No responsibility is accepted for any losses arising out of the use of or reliance on the conclusions reached by this calculator.