Simply fill in your monthly gross salary, select any additional deductibles you are eligible to claim, and press calculate. The calculator will display how much you earn and pay, including: employer contributions, insurance payments, tax credits, discounts and bonuses.
According to the Australian Bureau of Statistics, the average annual salary in Australia is approximately $69,193. However, salaries can significantly differ based on job type and location. Below is a summary of average monthly salaries in various Australian states and territories:
State/Territory | Monthly Salary Before Tax | Monthly Salary After Tax |
---|---|---|
Australian Capital Territory | $6,716 | $5,335 |
Northern Territory | $6,183 | $4,972 |
New South Wales | $5,802 | $4,713 |
Western Australia | $5,802 | $4,713 |
Queensland | $5,633 | $4,598 |
Victoria | $5,546 | $4,539 |
Tasmania | $5,243 | $4,333 |
South Australia | $5,200 | $4,303 |
According to the Australian Bureau of Statistics
In Australia, the national minimum wage is set at $23.23 per hour. For a standard 38-hour work week, this translates to a weekly wage of $882.80, or approximately $3,521 monthly, leading to an annual salary of around $45,905.
After accounting for taxes and the Medicare Levy, the estimated take-home pay is about $3,326 monthly or $768 weekly, showcasing Australia’s competitive minimum wage structure.
According to the Australian Workers Union
Our salary calculator helps you determine your net (or take-home) pay based on your gross salary. The calculator considers several factors:
For example, with a gross annual income of $90,000, our Salary After Tax Calculator estimates your monthly tax obligation to be around $1,482, which is approximately 27.82% of your monthly income.
Here’s a detailed breakdown of taxes and contributions deducted from your earnings:
Yearly | Monthly | |
---|---|---|
Gross Income | $90,000 | $7,500 |
Total Tax (27.82%) | $19,588 | $1,632 |
Income Tax | $17,788 | $1,482 |
Medicare Levy | $1,800 | $150 |
Take-Home Pay | $70,412 | $5,868 |
Discover the essential facts every employer and employee should know and avoid costly mistakes.