2014 Pay Calculator

Our pay calculator is a simple tax tool used in calculating the salary you will receive after deducting the PAYG tax contributions from your salary. Each pay period, your employer will withhold tax from your gross salary and will send this amount to the tax office. When the financial year ends, you will receive a Notice of Assessment from your employer showing your gross income as well as the tax withheld each pay period. Our salary calculator is always up to date with the latest tax law so you can be confident in the calculations and results.

$
 
Gross Income
Superannnuation
Medicare Levy
Income Tax
Net Income
Weekly
961.54
88.89
14.42
136.00
811.12
Fornightly
1,923.08
177.88
28.85
272.00
1,622.23
Monthly
4,166.67
385.36
62.50
591.00
3,513.17
Yearly
50,000.00
4,625.00
750.00
7,097.00
42,153.00
You are entitled for a tax offset of 700.00.