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. 6.25), 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 2024-25 for Australian Residents*
| Taxable Income | Tax on this income | ||
|---|---|---|---|
| $0 – $18,200 | Nil | ||
| $18,201 – $45,000 | 16c for each $1 over $18,200 | ||
| $45,001 – $135,000 | $4,288 plus 30c for each $1 over $45,000 | ||
| $135,001 – $190,000 | $31,288 plus 37c for each $1 over $135,000 | ||
| $190,001 and over | $51,638 plus 45c for each $1 over $190,000 |
Individual Tax Rates 2023-24 for Australian Residents*
| Taxable Income | Tax on this income | ||
|---|---|---|---|
| $0 – $18,200 | Nil | ||
| $18,201 – $45,000 | 19c for each $1 over $18,200 | ||
| $45,001 – $120,000 | $5,092 plus 32.5c for each $1 over $45,000 | ||
| $120,001 – $180,000 | $29,467 plus 37c for each $1 over $120,000 | ||
| $180,001 and over | $51,667 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.
Company Tax Rates 2024-25
(unchanged from 2023-24)
25% 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).
30% for entities other than Base rate entities.
Loan Calculator
Monthly Payment
Useful References
Set out below are resources including information sheets for directors, creditors, employees and shareholders for various types of insolvency appointments. We have also included relevant information if you are considering bankruptcy. If you require any clarification of the information contained in the information sheets please do not hesitate to contact us.
