U First Accounting & Tax Services
Individual Income Tax Calculator
2025–26 Ready
Individual Tax Calculator
Prepared by U First Accounting & Tax Services — Estimate your Australian income tax, Medicare Levy, HECS repayment, and tax offsets for the selected financial year.
Your Tax Residency Status
As an Australian resident for tax purposes, you receive the tax-free threshold ($18,200), Low Income Tax Offset (LITO), Low & Middle Income Tax Offset where applicable, and pay the Medicare Levy (2%) on your taxable income.
Financial Year & Income
Additional Options
HECS / HELP Loan
Tick if you have a HECS-HELP, VET Student Loan, or other study debt. Compulsory repayment is calculated based on your repayment income and the current year thresholds.
Seniors & Pensioners Tax Offset (SAPTO)
Available to eligible seniors (Age Pension age or older) and pensioners. Provides an additional tax offset up to $2,230 (single) and reduces the effective tax-free threshold significantly.
Private Hospital Cover (PHI)
Tick if you hold an appropriate private hospital insurance policy. If you do NOT have PHI and your income exceeds the Medicare Levy Surcharge threshold, a surcharge of 1%–1.5% applies on top of the Medicare Levy.
⚠️
This calculator applies your marginal rate to total taxable income. It does not account for salary packaging, foreign income, trust distributions, or other complex scenarios. For an accurate calculation, consult a Registered Tax Agent — call (03) 9995 9114.
□□ Resident · 2024–25
Total Tax Payable
$0
Taxable Income
$0
Effective Tax Rate
0%
After-Tax Income
$0
After-Tax (Fortnightly)
$0
Tax Calculation Breakdown
Gross Income
$0
Less: Total Deductions
−$0
Taxable Income
$0
Income Tax (before offsets)
−$0
Low Income Tax Offset (LITO)
$0
Tax After Offsets
−$0
Medicare Levy (2%)
−$0
TOTAL TAX PAYABLE
$0
□ Tax Rate Bands Applied
▼ Show
Important: This calculator provides general estimates only and does not constitute financial, tax or legal advice. Tax rates are sourced directly from the ATO website (ato.gov.au) and verified as at May 2026.
Rate notes by financial year:
• 2025–26: Same rates as 2024–25 — 16c second bracket, 30c third bracket (Stage 3 cuts). The 15% rate replacing 16% applies from 1 July 2026 (FY2026–27), not yet included in this calculator.
• 2024–25: Stage 3 tax cuts — 16c second bracket, 30c third bracket.
• 2023–24 and earlier: Pre-Stage-3 rates — 19c second bracket, 32.5c third bracket.
• LMITO (Low & Middle Income Tax Offset) applied in 2021–22 and 2022–23 only. Abolished from 2023–24.
• HECS 2025–26: Repayment thresholds are indexed estimates — final ATO thresholds to be confirmed upon release.
This calculator does not account for: salary packaging, fringe benefits, foreign income, capital gains, trust distributions, family tax benefits, private health insurance rebate/surcharge, Medicare Levy Surcharge, or other offsets and credits that may apply.
⚠️ Tax Bracket Assumption: Income tax is calculated by applying the progressive marginal rates to your taxable income. The result is an estimate — your actual liability depends on your full tax return.
⚠️ For an accurate tax calculation, please consult a Registered Tax Agent. Contact U First Accounting & Tax Services on (03) 9995 9114 or visit ufirstaccountingntaxservices.com.au — Julia Le, CA. ANZ, Registered Tax Agent.
Rate notes by financial year:
• 2025–26: Same rates as 2024–25 — 16c second bracket, 30c third bracket (Stage 3 cuts). The 15% rate replacing 16% applies from 1 July 2026 (FY2026–27), not yet included in this calculator.
• 2024–25: Stage 3 tax cuts — 16c second bracket, 30c third bracket.
• 2023–24 and earlier: Pre-Stage-3 rates — 19c second bracket, 32.5c third bracket.
• LMITO (Low & Middle Income Tax Offset) applied in 2021–22 and 2022–23 only. Abolished from 2023–24.
• HECS 2025–26: Repayment thresholds are indexed estimates — final ATO thresholds to be confirmed upon release.
This calculator does not account for: salary packaging, fringe benefits, foreign income, capital gains, trust distributions, family tax benefits, private health insurance rebate/surcharge, Medicare Levy Surcharge, or other offsets and credits that may apply.
⚠️ Tax Bracket Assumption: Income tax is calculated by applying the progressive marginal rates to your taxable income. The result is an estimate — your actual liability depends on your full tax return.
⚠️ For an accurate tax calculation, please consult a Registered Tax Agent. Contact U First Accounting & Tax Services on (03) 9995 9114 or visit ufirstaccountingntaxservices.com.au — Julia Le, CA. ANZ, Registered Tax Agent.