Tax Calculator

The Australian Tax Calculator is a tool that helps you calculate your estimated tax payable based on your taxable income, residency status, and the selected financial year. It takes into account the tax rates and rules for Australian residents and non-residents as per the selected year.

How to use:

1. Enter your taxable income in the "Enter your taxable income" field. This is the total amount of income you received during the financial year that is subject to tax.
2. Select your residency status in the "Select your residency status" field. Choose "Resident" if you are a resident of Australia for tax purposes, or "Non-Resident" if you are not.
3. Select the financial year for which you want to calculate your tax payable in the "Select the financial year" field. Choose the relevant year from the drop-down menu.
4. Click on the "Calculate" button to see your estimated tax payable.
5. The result will be displayed below the form in the "Your estimated tax payable" section.

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Note: This is only an estimate and may not be the actual tax amount you will need to pay. Please consult a tax professional for accurate advice.