2014-15 Ato Tax Calculator

How to Use This Calculator

To calculate your estimated tax liability:

1. Enter your total taxable income for the 2014-15 financial year
2. Select your tax file number status (if applicable)
3. Click "Calculate" to see your estimated tax

The calculator will show your estimated tax payable based on the 2014-15 tax tables. Remember this is an estimate and your actual tax may vary based on your specific circumstances.

Tax Calculation Formula

The tax calculation follows these steps:

1. Calculate taxable income by subtracting allowable deductions from gross income
2. Apply the progressive tax rates to the taxable income
3. Subtract any offsets or credits

This calculator uses the official 2014-15 tax rates published by the Australian Taxation Office.

Example Calculation

Let's calculate the tax for someone with $80,000 taxable income in the 2014-15 financial year:

1. First $18,200 tax-free threshold: $0 tax
2. Next $30,000 at 19%: $5,700
3. Next $31,800 at 32.5%: $10,300
4. Remaining $1,000 at 37%: $370

Total estimated tax payable: $16,370

2014-15 Tax Tables

The 2014-15 tax rates were:

These rates are for individuals. Different rates apply for companies and trusts.

Common Questions