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Income tax calculator 2026-27
Work out your income tax, Medicare levy and take-home pay per week, fortnight or month, using the 2026-27 tax rates.
In short: From 1 July 2026 the second tax rate dropped from 16% to 15%. On a $90,000 salary you pay about $17,520 in income tax and $1,800 in Medicare levy, leaving about $70,680 a year, or roughly $2,718 a fortnight.
How it works
2026-27 tax rates
Nil to $18,200; 15% to $45,000; 30% to $135,000; 37% to $190,000; 45% above. Most people also pay the 2% Medicare levy, and the low income tax offset (up to $700) helps lower incomes.
Marginal vs average rate
Your marginal rate applies only to the next dollar you earn, not your whole income. Someone on $90,000 has a 30% marginal rate but pays about 21% of their income in tax and Medicare combined.
FAQ
Common questions
What are the tax rates for 2026-27?
For Australian residents: 0% up to $18,200, 15% from $18,201 to $45,000, 30% to $135,000, 37% to $190,000 and 45% above $190,000, plus the 2% Medicare levy.
How much tax do I pay on $100,000?
About $20,520 in income tax and $2,000 in Medicare levy in 2026-27, leaving roughly $77,480 a year.
What is the low income tax offset?
Up to $700 off your tax if you earn $37,500 or less, reducing as income rises and phasing out at $66,667.
Does this include super?
Super isn't taken out of your pay. Your employer pays 12% on top of your salary into your super fund. We show it so you can see the full package.
Tax & Accounting
Read before you decide
General information only. These calculators give estimates based on the figures you enter and published rates, and don't consider your objectives, financial situation or needs. They're not a quote, credit assessment or tax advice. Elephant Financial Pty Ltd trading as Elephant Advisory is an authorised credit representative (ACR 487962) of Yellow Brick Road Aggregation Pty Ltd, Australian Credit Licence 390261.
