This calculator helps you to calculate the tax you owe on your taxable income for the full income year.

It can be used for the 2013–14 to 2019–20 income years. Based upon the different range of income for people intending to borrow from different career fields, the government has segmented different levels of tax threshold on income after a careful calculation of which we can obtain the after tax income which the client’s can contribute for the monthly home loan repayments. Hence, this helps to identify the eligibility of home loan buyer for the intended home loan.

It is important to note that the tax calculations also include Medicare levy of 2% as mandated by the Australian taxation office.