How to calculate your take home pay
To calculate your take home pay, simply enter your details into our Pay Calculator. You’ll see a detailed breakdown of your income, showing your weekly, monthly and annual take home pay.
Our Pay Calculator also works as an Income Tax Calculator. You’ll see your total amount of taxable income, along with the amount of tax deducted from your salary or wages.
What is your take home pay?
Your take home pay is your net income. In other words, how much you receive after all taxes, superannuation and deductions have been taken out of your gross income. This includes deductions such as income tax, Medicare levy, and any other compulsory or voluntary contributions like your superannuation.
In simpler terms, it’s the actual amount — known as your net income — that you get paid into your bank account by your employer after these deductions are made. While your gross income reflects your earnings before deductions, your take home pay is the money you can use for personal expenses, savings and investments.
It’s worth noting that your take home pay can vary depending on factors like your income tax bracket, any additional benefits or deductions, and your superannuation contributions.
Can it be used as an Income Tax Calculator?
Yes, our Pay Calculator can be used to calculate your total taxable income. If you earn a wage and receive bonuses or overtime pay, you may find the amount of tax you pay differs between payslips. Your employer withholds a certain amount of your earnings to put aside for tax obligations, and calculates this amount each pay cycle.
The amount of tax that is deducted from your pay will depend on various factors, like whether you are subject to the Medicare levy surcharge (i.e. whether you have a suitable level of private health insurance).
If you have overpaid tax throughout the year due to fluctuations in your wages, you will receive a refund at the end of the year.
You can use our Tax Return Calculator to estimate your end-of-year refund.
Income tax brackets 2024-25
Here are the Australian resident tax rates for the 2024-25 financial year.
Income | $0 - $18,200 |
|---|---|
Tax on this income | Nil |
Marginal tax rate | 0% |
Income | $18,201 - $45,000 |
Tax on this income | 16c for each $1 over $18,200 |
Marginal tax rate | 16% |
Income | $45,001 - $135,000 |
Tax on this income | $4,288 plus 30c for each $1 over $45,000 |
Marginal tax rate | 30% |
Income | $135,001 - $190,000 |
Tax on this income | $31,288 plus 37c for each $1 over $135,000 |
Marginal tax rate | 37% |
Income | $190,001 and over |
Tax on this income | $51,638 plus 45c for each $1 over $190,000 |
Marginal tax rate | 45% |
| Income | Tax on this income | Marginal tax rate |
|---|---|---|
$0 - $18,200 | Nil | 0% |
$18,201 - $45,000 | 16c for each $1 over $18,200 | 16% |
$45,001 - $135,000 | $4,288 plus 30c for each $1 over $45,000 | 30% |
$135,001 - $190,000 | $31,288 plus 37c for each $1 over $135,000 | 37% |
$190,001 and over | $51,638 plus 45c for each $1 over $190,000 | 45% |
How to calculate your salary
If you’re earning a salary (a fixed annual amount paid by your employer), our Pay Calculator can quickly calculate your take home pay. It will show you the exact amount you’ll receive after deductions, providing a clear breakdown, as well as displaying the percentage of your gross salary that you actually take home.
Here’s an example:
| Annual salary (excluding super) | $90,000 |
|---|---|
Marginal tax rate | 30% |
Annual tax paid | $19,588 |
Annual take home pay | $70,412 |
Is our Pay Calculator accurate?
Our Pay Calculator is based on rates and thresholds from the Australian Taxation Office (ATO). It applies the ATO’s calculations and formulas to work out your take home pay in weekly, fortnightly or annual amounts. It also breaks down your superannuation, income tax, Medicare levy, Medicare levy surcharge, student debt, SAPTO and tax offsets, based on your details you’ve entered.
