Prod Calculator Admin
Flex 2010
Flash 2009
Global Settings
>
Clients
>
Macquarie
> Income Tax
View Merged XML
View Loader Script
Edit Calculator
Name
FileName
Width
Height
Custom
<calculator> <vos> <incomeTax> <AnnualIncome type="num" default="30000" min="0" max="2000000" step="1000" /> <CurrentTaxYear type="num" default="2019" /> <TaxBracketsDefault type="list">18200,37000,90000,180000</TaxBracketsDefault> <TaxPercentagesDefault type="list">0,19,32.5,37,45</TaxPercentagesDefault> <LastYearTaxBracketsDefault type="list">18200,37000,90000,180000</LastYearTaxBracketsDefault> <LastYearTaxPercentagesDefault type="list">0,19,32.5,37,45</LastYearTaxPercentagesDefault> <MedicareLevySurchargeText type="cdata"><![CDATA[<p><b><font size="+1">Medicare Levy Surcharge</font></b></p><p>The Medicare Levy Surcharge (or ‘MLS’) is an additional tax that applies to Australians taxpayers who earn above $90,000 for singles and over $180,000 for families, and don’t have private hospital cover. MLS is income-tested and is levied at between 1% to 1.5% of your income. The Medicare Levy Surcharge comes on top of the 2% Medicare Levy most Australian taxpayers pay.<br><br>This calculator assumes a MLS of 1%. Your actual MLS, if payable, will depend on your income. For information about the latest rates and thresholds, visit the <a href="https://www.ato.gov.au/Individuals/Medicare-levy/Medicare-levy-surcharge/" target="_blank"><font color="#0000FF"><u>ATO’s website</u></font></a>.<br><br>Tick this option if you would like to include the MLS in your calculation.<br></p><br /></p> <br /> ]]></MedicareLevySurchargeText> <MedicareLevyText type="cdata"><![CDATA[<p><b><font size="+1">Medicare Levy</font></b></p><p>Most taxpayers pay a levy of 2% to fund Medicare. Untick this option if you do not want the levy included in your calculation.</p><p>The Medicare levy in this calculator is calculated as 2% of taxable income and does not take into account family income or dependent children, thresholds, exemptions or reductions.</p><p>For many tax payers the levy is not payable if your taxable income is $22,398 or less (seniors have a higher threshold). You may qualify for an exemption if you are a foreign resident, are not eligible for Medicare benefits or fit one of the other exemption categories.This is not accounted for in the InfoChoice Income Tax Calculator.</p><p>Rates and thresholds correct for 2019-20. For more information visit the <a href="https://www.ato.gov.au/rates/individual-income-tax-rates/" target="_blank"><font color="#0000FF"><u>ATO’s website</u></font></a>.</p> ]]></MedicareLevyText> <MedicareLevySurchargeModalText type="cdata"><![CDATA[<p><b><font size="+1">Medicare Levy Surcharge</font></b></p><p>The Medicare Levy Surcharge (or ‘MLS’) is an additional tax that applies to Australians taxpayers who earn above $90,000 for singles and over $180,000 for families, and don’t have private hospital cover. MLS is income-tested and is levied at between 1% to 1.5% of your income. The Medicare Levy Surcharge comes on top of the 2% Medicare Levy most Australian taxpayers pay. <br><br>This calculator assumes a MLS of 1%. Your actual MLS, if payable, will depend on your income. For information about the latest rates and thresholds, visit the <a href="https://www.ato.gov.au/Individuals/Medicare-levy/Medicare-levy-surcharge/" target="_blank"><font color="#0000FF"><u>ATO’s website</u></font></a>.<br><br>Tick this option if you would like to include the MLS in your calculation.<br></p><br /></p> <br /> ]]></MedicareLevySurchargeModalText> <MedicareLevyModalText11 type="cdata"><![CDATA[<p><b><font size="+1">Medicare Levy</font></b></p><p>Most taxpayers pay a levy of 2% to fund Medicare. Untick this option if you do not want the levy included in your calculation.</p><<p>The Medicare levy in this calculator is calculated as 2% of taxable income and does not take into account family income or dependent children, thresholds, exemptions or reductions.</p><p>For many tax payers the levy is not payable if your taxable income is $22,398 or less (seniors have a higher threshold). You may qualify for an exemption if you are a foreign resident, are not eligible for Medicare benefits or fit one of the other exemption categories.This is not accounted for in the InfoChoice Income Tax Calculator.</p><p>Rates and thresholds correct for 2019-20. For more information visit the <a href="https://www.ato.gov.au/rates/individl-income-tax-rates/" target="_blank"><font color="#0000FF"><u>ATO’s website</u></font></a>.</p> ]]></MedicareLevyModalText11> <MedicareLevyModalText type="cdata"><![CDATA[<p><b><font size="+1">Medicare Levy</font></b></p><p>Most taxpayers pay a levy of 2% to fund Medicare. Untick this option if you do not want the levy included in your calculation.</p><p>The Medicare levy in this calculator is calculated as 2% of taxable income and does not take into account family income or dependent children, thresholds, exemptions or reductions.</p><p>For many tax payers the levy is not payable if your taxable income is $22,398 or less (seniors have a higher threshold). You may qualify for an exemption if you are a foreign resident, are not eligible for Medicare benefits or fit one of the other exemption categories.This is not accounted for in the InfoChoice Income Tax Calculator.</p><p>Rates and thresholds correct for 2019-20. For more information visit the <a href="https://www.ato.gov.au/rates/individl-income-tax-rates/" target="_blank"><font color="#0000FF"><u>ATO’s website</u></font></a>.</p> ]]></MedicareLevyModalText> <TemporaryBudgetRepairLevyModalText type="cdata"><![CDATA[<p><b><font size="+1">Temporary Budget Repair Levy</font></b></p><p>As part of the 2014-15 Federal budget the Government introduced a Temporary Budget Repair Levy of 2%.<br><br>Individual taxpayers with a taxable income of more than $180,000 per year will have additional tax withheld by their employer, starting from 1 July 2014.<br><br>The levy is payable at a rate of two per cent of each dollar of a taxpayer’s taxable income over $180,000.<br><br>The levy will cease to apply from 1 July 2017.<br><br>Rates and thresholds correct from 2018-19. For more information visit the <a href="https://www.ato.gov.au/rates/individual-income-tax-rates/" target="_blank"><font color="#0000FF"><u>ATO’s website</u></font></a> </p> <br /> ]]></TemporaryBudgetRepairLevyModalText> <FloodLevyText type="cdata"><![CDATA[<p><b><font size="+1">Flood Levy</font></b></p><p>The flood levy is payable if your taxable income is over $50,000 in the 2011-12 financial year. Individuals affected by specific natural disasters will not have to pay the levy.<br><br>Untick this option if you do not want the levy included in your calculation (the levy will only be calculated if your taxable income is over $50,000).<br><br>Refer to the <a href="http://www.ato.gov.au/individuals/content.aspx?menuid=0&doc=/content/00216565.htm&page=3#P15_1274" target="_blank"><font color="#0000FF"><u>ATO’s website</u></font></a> for a description of the exemption categories.</p>]]></FloodLevyText> <HeaderTitle type="cdata"><![CDATA[Compare income tax for years 2019/20 and 2018/19]]></HeaderTitle> </incomeTax> </vos> </calculator>
Preview Calculator
Preview
Close