FAB SOLUTIONS | Finance | Accounting | Business
Description: Tax and salary calculator for the 2024-2025 financial year. Also calculates your low income tax offset, HELP, SAPTO, and medicare levy.
tax (6915) 2023 (2631) calculator (1241) 2020 (1104) 2022 (1060) 2021 (854) 2019 (844) income (839) 2018 (661) salary (192)
Australian residents pay different rates of tax to foreign residents. In addition, foreign residents do not pay the Medicare Levy or receive the Low Income Tax Offset (LITO).
To determine your residency status, see the rules on the ATO website
The Higher Education Loan Program (HELP - previously HECS) is a student loan program where the loans are repayed once your income falls within the repayment thresholds.
FAB SOLUTIONS | Finance | Accounting | Business