Australian Taxes: Income, Medicare & HECS Calculator (FY 2025-2026)
Estimate your Federal Income Tax, Medicare Levy, HECS/HELP Repayments, and GST.
The Australian tax year (starting July 1) for 2025-2026 will fully incorporate the **Stage 3 Tax Cuts**. This **interactive Australian Tax Dashboard** uses the new, simplified tax brackets to estimate your Federal tax liability, Medicare Levy, and mandatory HECS/HELP repayments. The calculation assumes you are an Australian resident for tax purposes.
Australian Tax Dashboard (FY 2025-2026 Estimates)
Rates and allowances based on post-Stage 3 tax cuts (effective July 1, 2024).
Credit: Muhammad Rizwan Sukhera | CEO - Raza Group.
1. Income Tax, Medicare Levy, & HECS/HELP Repayment
Annual Tax Summary
2. Goods and Services Tax (GST) Estimate (10%)
GST Summary
3. Other Taxes & Investment Income (Summary)
Important Australian taxes not included in the main calculation:
- **Capital Gains Tax (CGT):** Applied to the *discounted* gain (50% reduction for assets held >12 months).
- **State Land Taxes:** Applicable to investment properties, varying by state.
- **Superannuation:** Contributions are generally taxed at 15% (concessional rate).
Key Australian Tax Concepts
Important Disclaimer
This calculator is for informational and estimation purposes only and should not be considered professional tax advice. Rates are based on projected 2025/2026 Federal tax rates (post-Stage 3) and estimated HECS/HELP thresholds. It simplifies many aspects of the Australian tax system, notably **excluding the Low Income Tax Offset (LITO)**, which can significantly reduce the tax bill for incomes under $66,667, and does not account for complex investment income or tax offsets. For definitive guidance, you must consult with a qualified accountant or tax agent.
Conclusion: The Australian Tax Landscape
The Australian system is notable for its **Tax-Free Threshold ($18,200)** and the combined effect of the **Medicare Levy** and **HECS/HELP repayments**, which can substantially increase your effective tax rate. The new Stage 3 cuts flatten the middle brackets, making tax simpler and reducing the marginal rate for many middle and high earners.
How does the inclusion of HECS debt impact your estimated tax liability? Would you like to create a companion visual for the Australian tax brackets next?
