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Quickly estimate what your tax refund will be, or how much additional tax you may need to pay.
Your estimated tax refund
Total Tax
$0
Total Tax Withheld
$0
Income Summary
Total Income
$0
Total Deductions
$0
Taxable Income
$0
Tax Calculation
Income Tax
$0
Medicare Levy
$0
Medicare Levy Surcharge
$0
Student Loan Repayment
$0
Offsets & Adjustments
SAPTO
$0
Tax Offsets
$0
IMPORTANT: Calculator results are estimates for informational and illustrative purposes only, based on the inputs you provide and the assumptions set by us. Your actual tax refund or amount owed for the current financial year will be determined by the ATO based on your income tax return. The results from this calculator should not be considered as financial advice and you should not make any financial decisions based on them. Please speak with a qualified tax or financial advisor if you would like personalised advice and information based on your situation.
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The quickest way to estimate how much your tax refund will be is to use a tax return calculator. You’ll need to enter details of your income and tax paid, which can be found on the Income Statement (formerly known as a Group Certificate) your employer will provide to you in the first couple of weeks in July.
If you don’t have this yet, you could estimate your annual income and tax paid by checking your pay slip and annualising the regular income and tax paid amounts.
Once you have entered in details about your wages or salary, additional earnings, and tax withholdings, the tax return calculator will display:
If you are unsure of your earnings or your total taxable income, you can use our pay calculator to see a detailed breakdown of your salary, including tax offsets, superannuation, and taxable income.
| Annual income | $100,000 |
|---|---|
Income tax payable | $20,788 |
Medicare levy | $2,000 |
Deductions | $3,500 |
Estimated tax refund amount | $950 |
Australian income tax is levied at progressive tax rates. The lowest bracket is 0%, known as the tax-free rate for individuals on low incomes ($18,200 and under). Tax rates increase progressively up to 45% for every dollar earned above $190,000.
The tax you need to pay depends on your taxable income and other factors that impact tax payable such as:
To get a tax refund, you will need to lodge an end-of-year tax return. You will need to submit your tax return to the Australian Tax Office (ATO), and this can be done in three ways:
Tax returns must be completed and lodged no later than 31 October following the end of the most recent tax year.
For the 2024 - 2025 tax year, you will need to lodge your tax return no later than 31 October, 2025.
Just remember that depending on your situation, you may not receive a tax refund. In fact, some individuals can end up owing money to the ATO if they have underpaid tax during the financial year.
Lodging your tax return online is often the fastest and easiest way to submit your financials and receive a refund. You can complete a tax return form online by joining myTax through the ATO website, which will show a detailed breakdown of your estimated tax refund. Most refunds are issued within two weeks.
To access myTax, you will first need to create a myGov account and link this account to the ATO.
If you cannot access myTax, or prefer to submit a paper tax refund, you can download a Tax Return for Individuals form from the ATO website. You will also need to provide supplementary information if you are including income generated from:
Most refunds are issued within 50 business days of lodging a return.
A registered tax agent can also help prepare and lodge your tax return. You will need to first select an agent registered with the Tax Practitioners Board (TPB), and make an appointment to discuss your tax return.
Once you’ve chosen your agent, you will need to prepare any tax records to take to the appointment — if you are using the ATO’s myDeductions tool, you can track any work-related deductions throughout the year and email then directly to your tax agent.
Your agent will prepare your tax return and inform you of any possible improvements, or additional deductions which you may be unaware of (for example, salary sacrificing your car or other eligible expenses like home loan payments). As they offer the most comprehensive preparation of your tax return, using a tax agent will often ensure you receive the maximum refund possible.
Employers are required to withhold a certain amount of employee earnings for tax obligations. Withholding tax is calculated each pay cycle, which means if you receive bonuses or commission in addition to your regular salary or wage, you may notice a higher rate of tax being applied to your earnings from one week to the next.
When you lodge your end-of-year tax return, your total earnings for the year will be assessed in relation to the tax withheld by your employer. If you have paid too much tax, you will receive a tax refund.
Other employee benefits could also impact your tax return, such as receiving a car allowance (generally increases your taxable income) or making payments on a car through a novated lease (reduces your taxable income).
The financial year begins on 1 July and ends on 30 June the following year. Any money you earn during this period — through a salary, wages, investments, shares, or capital gains — will represent your taxable income for that tax year.
The amount of tax you can get back through an end-of-year refund will depend on the amount of tax you have paid throughout the year, and whether the amount is relative to your marginal tax rate. If you think you have overpaid tax, you can use the tax return calculator to estimate your refund in seconds.
If you earned income during the tax year, you will need to lodge a tax return. If you do not wish to complete your tax return yourself, you can engage the services of a registered tax agent to help prepare and submit your return on your behalf.
Fringe benefits tax (FBT) applies to benefits received by an employee additional to their salary. If an employee receives fringe benefits with a total taxable value greater than $2,000 during the Fringe Benefit Tax year (1 April - 31 March), the employer must apply a gross-up rate to the amount and show this on the employee’s payment summary.
