If you have Deductions and/or are entitled to various tax offsets (eg. Education Tax Refund), please use our comprehensive tax refund calculator at EzTax .
Tax Refund Estimate
Tax Refund EstimateTotal Gross income: $TOT1";if($GI1<=6000) { echo"No Tax"; } elseif($GI1>=6001 && $GI1<=37000) { $TI=(0.15*($GI1-6001)); echo"Amount of tax payable: $TI"; } elseif($GI1>=37001 && $GI1<=80000) { $GIT1=($GI1-37001); $TI=(4650+(0.30*$GIT1)); echo"Amount of tax payable: $TI"; } elseif($GI1>=80001 && $GI1<=180000) { $GIT2=($GI1-80001); $TI=(17550+(0.37*$GIT2)); echo"Amount of tax payable: $TI"; } else { $GIT3=($GI1-180001); $TI=(54550+(0.45*$GIT3)); echo"Amount of tax payable: $TI"; } $LI=18488; $HI=21750; if($GI1<$LI) { echo"No Medical levy"; } elseif($GI1>=$LI && $GI1<=$HI) { $ML=($GI1-$LI)*0.10; echo"single Income Medical Levy: $ML"; } else { $ML=$GI1*(0.015); echo"single Income Medical Levy: $ML"; } if($GI1>73000) { $MLS=$GI1*(0.01); echo" 1% Medicare Levy Surcharge: $MLS"; } else { echo"No Surcharge applied"; } echo"Tax Withheld: $twhl"; $deduct=$TI+$ML+$MLS; $refund=$deduct-$twhl; ?>
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WHAT IF?
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The above calculation is a simple refund estimate based on your GROSS income only | - it does not take into account variations that may increase your refund entitlement. |
For a comprehensive tax refund calculation please use our online tax return system | OR ezTax |
| Don't forget to use our Tax Deduction Finder for specific occupations! |
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