The Australian tax department has created various types of tax tables that help employees to calculate tax withheld from their salaries. These tables are divided into 4 main sections which are Daily, Weekly, Fortnightly, and Monthly.
Online official withheld ATO also provides a tax calculator.
Tax tables added in this post are purely provided by ATO and last updated on 13 October 2020.
Table of Contents
Tax calculator Australia
Tax Calculator from calculatorsonline.com.au
With the help of the above Australian tax calculator, you can calculate tax for the years 2023-2024.
GST Calculator Australia
If you want to calculate your GST then do check out the best GST calculator Australia. you can find more information related to GST and its history on that calculator website. Do check it out.
- Gst calculator NSW
- GST calculator Melbourne
- GST calculator Sydney
- GST calculator Adelaide
- GST calculator Perth
Daily tax table (daily tax table 2023 pdf)
Below you can download the official PDF provided by ATO for daily tax withheld. This tax table applies to both daily and casual workers. It clearly displays Daily-earnings and the amount to be withheld.
Weekly tax table (weekly tax table 2022 pdf)
Below you can download the official PDF provided by ATO for the Weekly tax table. It clearly displays Weekly earnings with a tax-free threshold and no tax-free threshold.
You can download the tax table weekly from the above button, furthermore, the same ATO pdf applies to Weekly tax table 2020, Weekly tax table 2021, Weekly tax table 2023 as well as on ATO Weekly tax table and PAYG tax table
Fortnightly tax table (fortnightly tax table 2023 pdf)
Below you can download the official PDF provided by ATO for the tax table fortnightly. It clearly displays fortnightly earnings with a tax-free threshold and no tax-free threshold.
You can download the fortnightly tax table from the above button, furthermore, the same ATO pdf applies to the fortnightly tax table 2020, fortnightly tax table 2021, fortnightly tax table 2023 as well as on the ATO tax fortnightly table.
Monthly tax table (monthly tax table 2023 pdf)
Below you can download the official PDF provided by ATO for the tax table monthly. It clearly displays monthly earnings with a tax-free threshold and no tax-free threshold.
You can download the monthly tax table from the above button, furthermore, the same ATO pdf applies to monthly tax table 2020, monthly tax table 2021, and monthly tax table 2022 as well as on ATO monthly tax table.
Well, we are sure after getting insight on tax tables, you must be looking for what are the tax brackets in Australia.
How to calculate tax on income
What are the tax brackets in Australia
Well, Australian tax brackets are divided into various categories such as Residents, Foreign Residents, Children & Working holidaymakers. The complete information provided below is taken from the Official website of ATO.
Tax brackets 2022 Australia | Resident tax rates 2021–22
| Taxable income | Australia tax brackets 2021-22 |
|---|---|
| 0 – $18,200 | Nil |
| $18,201 – $45,000 | 19 cents for each $1 over $18,200 |
| $45,001 – $120,000 | $5,092 plus 32.5 cents for each $1 over $45,000 |
| $120,001 – $180,000 | $29,467 plus 37 cents for each $1 over $120,000 |
| $180,001 and over | $51,667 plus 45 cents for each $1 over $180,000 |
The above rates do not include the Medicare levy of 2%.
Resident tax rates 2020–21
| Taxable income | Tax on this income |
|---|---|
| 0 – $18,200 | Nil |
| $18,201 – $45,000 | 19 cents for each $1 over $18,200 |
| $45,001 – $120,000 | $5,092 plus 32.5 cents for each $1 over $45,000 |
| $120,001 – $180,000 | $29,467 plus 37 cents for each $1 over $120,000 |
| $180,001 and over | $51,667 plus 45 cents for each $1 over $180,000 |
The above rates do not include the Medicare levy of 2%.
Foreign resident tax rates 2021–22
| Taxable income | Tax on this income |
|---|---|
| 0 – $120,000 | 32.5 cents for each $1 |
| $120,001 – $180,000 | $39,000 plus 37 cents for each $1 over $120,000 |
| $180,001 and over | $61,200 plus 45 cents for each $1 over $180,000 |
Foreign resident tax rates 2020–21
| Taxable income | Tax on this income |
|---|---|
| 0 – $120,000 | 32.5 cents for each $1 |
| $120,001 – $180,000 | $39,000 plus 37 cents for each $1 over $120,000 |
| $180,001 and over | $61,200 plus 45 cents for each $1 over $180,000 |
Children tax brackets
If you are under 18 then various exemptions or tax rules apply to you according to the type of income you generate. Check out ATO’s official website if you are looking for a tax table for children.
Working holiday maker tax rates 2021–22
| Taxable income | Tax on this income |
|---|---|
| 0 – $45,000 | 15% |
| $45,001 – $120,000 | $6,750 plus 32.5 cents for each $1 over $45,000 |
| $120,001 – $180,000 | $31,125 plus 37 cents for each $1 over $120,000 |
| $180,001 and over | $53,325 plus 45 cents for each $1 over $180,000 |
Working holiday maker tax rates 2020–21
| Taxable income | Tax on this income |
|---|---|
| 0 – $45,000 | 15% |
| $45,001 – $120,000 | $6,750 plus 32.5 cents for each $1 over $45,000 |
| $120,001 – $180,000 | $31,125 plus 37 cents for each $1 over $120,000 |
| $180,001 and over | $53,325 plus 45 cents for each $1 over $180,000 |
Fuel tax credit rates
Fuel tax credits are indexed twice a year and are changed by the government regularly. so if you want the latest Fuel tax credit rates then click here.
Conclusion
To conclude, above mentioned information is taken from the ATO website, our vision to provide this information is to help our daily users calculate their taxes as the main motto of money jacks is to help people in creating wealth by investing in shares, crypto, NFT, and many more.
The above information provides free PDFs for tax tables |payg tax table whether they are daily, weekly, fortnightly, or monthly from 2020, 2021, 2022, and 2023.
Apart from this, if you are new or pro-we, Moneyjacks.com highly recommends you to read the Rich dad poor dad book which can help in boosting your investing journey.
