Basic Tax Calculator 2012

Basic personal tax calculator for financial year 2011/2012 including Flood Levy if applicable.

Annual Assessable Income
Tax Free Threshold
Marginal Tax Rate
	Yearly	Monthly	Fortnightly	Weekly
Tax on Taxable Income
- Tax Offsets (Non-Refundable)
= Net Tax Payable
+ Medicare Payable
+ Flood Levy Payable
= Tax Liability
Effective Tax Rate

Assumptions: Financial Year 2012, Australian Tax Resident, Not a minor, Private Health Insurance, No Help/SFSS student loans, Single, no dependents, not affected by floods.

More info on the flood levy can be found at www.treasury.gov.au

Disclaimer: The information from this calculator should be used as a guide only. The figures and formula used within this calculator may change at any time without notice. No responsibility is accepted for any losses arising out of the use of or reliance on the conclusions reached by this calculator.