Calculators

Loan Calculator and Tax Rates

The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset button will clear entered values. Enter only numeric values (no commas), using decimal points where needed. Non-numeric values will cause errors.

Individual Tax rates 2020-21 for Residents*
Taxable income Tax on this income
$0 – $18,200 Nil
$18,201 – $37,000 19c for each $1 over $18,200
$37,001 – $90,000 $3,572 plus 32.5c for each $1 over $37,000
$90,001 – $180,000 $20,797 plus 37c for each $1 over $90,000
$180,001 and over $54,097 plus 45c for each $1 over $180,000
* The above rates do not include the Medicare levy of 2.0% of taxable income, subject to low income thresholds.  Does not include the Medicare levy surcharge for persons without private health insurance
Individual Tax rates 2019-20 for Residents*
Taxable income Tax on this income
$0 – $18,200 Nil
$18,201 – $37,000 19c for each $1 over $18,200
$37,001 – $90,000 $3,572 plus 32.5c for each $1 over $37,000
$90,001 – $180,000 $20,797 plus 37c for each $1 over $90,000
$180,001 and over $54,097 plus 45c for each $1 over $180,000
* The above rates do not include the Medicare levy of 2.0% of taxable income, subject to low income thresholds, or the Medicare levy surcharge for persons without private health insurance

Company Tax rates 2020-21

26% for Base rate entities*   (*for companies with an aggregated annual turnover of less than $50m – see also the definition of base rate entity passive income at www.ato.gov.au ) (note that for 2019-20 the Base rate entities tax rate reduced to 27.5%)

30% for entities other than Base rate entities)

Loan Calculator
Please only enter numbers.

Loan Amount

Loan Length in Months

Interest Rate

Monthly Payment