Income Tax Calculator
Estimate your income tax and take home pay. Lenders assess your after tax position, so this is the figure that drives what you can realistically repay.
Use the income tax calculator
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting.
What the income tax calculator tells you
What it shows
Estimated tax payable, Medicare levy and net income after tax.
What you need
Gross annual income and the relevant financial year.
What to do next
Use the net figure in the budget planner to build a realistic expense picture.
Three things worth testing
- Include bonuses and overtime separately, as lenders treat them differently.
- Salary packaging changes your assessable income.
- Investment income and deductions are assessed separately by lenders.
Frequently asked questions
Is this a substitute for tax advice?
How do lenders treat overtime and bonuses?
Turn the numbers into an approval
A calculator gives you an estimate. A broker gives you a lender, a rate and an approval. Talk to Ezy Loans Australia about what these numbers mean for your situation.
About the author
Amrinder Singh is the founder of Ezy Loans Australia and an Australian Credit Representative (number 505232) of Mortgage Australia Group Pty Ltd, Australian Credit Licence 377294. He works with first home buyers, investors and self employed borrowers across Australia, arranging home loans, refinancing, construction finance and asset finance through a broad panel of lenders.
Calculator results are estimates only and do not take every fee and charge into account. Interest rates and costs change over time, which affects the true cost of a loan. Results should not be relied on when making a decision about a loan. Please discuss your individual circumstances with us before acting. Calculators are provided under licence from the Finance Brokers Association of Australia. This page is general information only and does not take your objectives, financial situation or needs into account.
Ezy Loans Australia is a Perth-based mortgage and finance brokerage helping first home buyers, investors and refinancers across Australia secure the right loan with confidence.
Contact Info:
- 905 Hay St, Perth WA 6000
- amrinder@ezyloansaustralia.com.au
- 0432 066 362