Income Tax Calculator
Your income is only part of the picture
Understanding how much tax may apply to your income can give you a clearer view of what you actually have available for everyday expenses, savings and home loan repayments.
Your gross income
Start with the income you earn before tax. This gives the calculator a starting point for estimating how much tax may apply.
Your take-home position
What matters to your household budget is what remains after tax and other commitments, not simply the headline salary figure.
Your borrowing position
Income matters when applying for a home loan, but lenders also consider expenses, debts, credit limits and other financial commitments.
Estimate your income tax
Enter your details below to get an estimate of the tax that may apply to your income.
What does your income tax estimate tell you?
Your salary or gross income tells you what you earn before tax. Your take-home income gives you a better idea of the money available for living expenses, savings and other financial commitments.
That's useful when you're planning a property purchase or reviewing your home loan because the amount you earn is only one part of your overall financial position.
Does your take-home income determine your borrowing power?
Not by itself. When assessing a home loan application, lenders look at more than the amount that lands in your bank account each pay cycle.
Your income is important, but your expenses, existing debts, credit card limits, dependants and the lender's own assessment criteria can all influence how much you may be able to borrow.
Try the Borrowing Power Calculator →Employment and other income the lender may be prepared to use.
Your regular household spending and ongoing commitments.
Home loans, personal loans, car finance and other liabilities.
Credit card limits can affect an assessment even if the balance is low.
Tax calculations and lender calculations aren't the same thing
Helps estimate tax
This calculator gives you an indication of how much income tax may apply based on the information entered.
Looks at your wider position
A lender assesses income alongside expenses, liabilities and its own lending criteria when considering borrowing capacity.
Your income can look different on paper
If you're self-employed, working out the income a lender may use isn't always as simple as entering your salary into a calculator.
Different lenders can assess business income, company structures and financial information differently. That's one reason lender choice can matter for self-employed borrowers.
Explore self-employed home loans →Need personal tax advice?
The Mortgage People provides mortgage broking services, not personal tax advice. Your actual tax position can depend on deductions, income sources and your individual circumstances. Speak with a qualified tax professional or accountant if you need advice about your tax position.
Talk through the numbers with Martin
If you're working out what you may be able to borrow, planning a property purchase or trying to understand your home loan options, Martin can help you look at the lending side of the picture.