What are the current 2026-27 income tax brackets?

0% up to $18,200, 15% from $18,200 to $45,000, 30% from $45,000 to $135,000, 37% from $135,000 to $190,000, and 45% on income above $190,000.

Will my tax rate change in future financial years?

It can — income tax bands and rates are set by legislation and have been adjusted at various points, so it's worth re-checking your position after each Federal Budget rather than assuming the current bands are permanent.

What's the point of comparing my tax across different financial years?

It shows you, in dollar terms on your own income, exactly how much a change to the tax bands is actually worth to you — rather than relying on a generic average figure quoted in Budget coverage.

How does the Medicare Levy interact with tax changes?

The Medicare Levy sits alongside income tax as a separate calculation — currently 0% below $28,011, phasing in at 10% of income above that up to $35,014, then a flat 2% above $35,014 — so it's worth comparing both together when assessing the effect of any tax change.

Budget Tax Calculator — Federal Budget Changes (Australia)

How the legislated tax cuts change your pay

Australia's income tax bands aren't fixed forever — they change through legislation, most visibly around Federal Budget time, and the effect on your own pay depends entirely on where your income sits relative to each band.

This calculator lets you apply your income to the current bands for FY2026-27 side by side with other financial years, so you can see the actual dollar effect of a change rather than relying on a generic headline figure from the news.

How to use this calculator

Enter your income
Select the financial years you want to compare
Review the income tax and Medicare Levy result for each year side by side
See the dollar difference in your own take-home pay between years

Federal Budget Tax Calculator

How the legislated tax cuts change your pay

How to use this calculator

Frequently asked questions