Australian tax · FY2022-23

Take-home pay calculator

For 1 July 2022 to 30 June 2023, what a salary is actually worth after income tax and the Medicare levy — per week, fortnight or month — with super at 10.5% shown beside it rather than folded in.

FY2022-23Other years

Calculator

The annual figure from the offer or payslip
Job ads use both, and they differ
How often you are paid
Monthly take-home pay$5,706.92
Taxed salary$7,500.00
Income tax$1,643.08
Medicare levy$150.00
Low income tax offset−$0.00
Super guarantee at 10.5%$787.50
Tax the fund pays on that super$118.13

Above the maximum contribution base, so the super figure has stopped growing with the salary. An employer need not pay super guarantee on earnings above it.

This is an estimate, not advice. It applies the published rate to what you enter; whether the method suits your circumstances, and whether your records support the figures, is a question for your tax agent.

“Plus super” and “package” are different money

$90,000 plus super is a taxed salary of $90,000 with $9,450 paid on top. A $90,000 package has the super inside it, so the taxed salary is lower and so is the take-home pay.

Both phrasings are normal in Australian job ads, and the difference at this salary is roughly a month’s worth of super. It is the first thing to check on an offer, and it is why this page asks rather than assuming.

Super is on top of pay, and the fund taxes it

The super guarantee for FY2022-23 is 10.5%. It never comes out of take-home pay — the employer pays it to the fund — and the 15% shown on the last row is paid by the FUND out of the contribution when it arrives, not by you out of your pay. That is why it sits below the line rather than in the tax rows.

An employer need not pay super guarantee on earnings above the maximum contribution base — $60,220 a quarter in FY2022-23, which this page applies as $240,880 across an evenly paid year. Applying it annually is exact for a salary paid evenly. A year with a large bonus in one quarter can be capped in that quarter while the annual total is under the line, and this page does not see that.

Division 293 is not included. A high enough income adds a second charge on concessional contributions, so the fund’s tax is more than the 15% above. If that might be you, it is a question for your accountant rather than a calculator.

What is not in this figure

  • A compulsory HELP or HECS repayment — worked out on repayment income, not taxable income
  • The Medicare levy surcharge, which applies without private hospital cover above an income tier
  • Salary sacrifice, novated leases and any other packaging
  • Deductions — this page taxes the salary, and a return taxes the salary less what you claim

The Medicare levy above is a single person’s with no dependants. The family thresholds can only ever reduce it, so the figure is the ceiling.

Why your payslip may not match

An employer withholds under the PAYG withholding schedules, which are a per-period approximation of the annual scale — not the scale itself. On an even salary they land very close. They diverge when the year is not even: a pay rise part-way through, unpaid leave, a bonus, or starting mid-year all make withholding higher or lower than the year actually needs.

The return settles it either way, which is what a refund or a bill at lodgement usually is. This page computes the ANNUAL position and divides, so it is the answer the return reaches rather than the one the payslip shows.

Preparing returns, not just your own?

BeforeMay builds the working paper behind the return — from the client’s own income statements and receipts rather than a typed-in salary, and computing the same tax this page just did.

Start a case freeWhere does client data go?

Three returns free. No card.

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