Monday, October 29, 2012

Tax Calculator Australia

If you are going to work in Australia during your Overseas Experience you will have to pay taxes as the Australian resident for tax purposes. The best way to figure out how much taxes you have to pay and what's your take home salary is to use this tax calculator for Australia.

This tax calculator can help you calculate what's your Superannuation contributions will be as well. You probably know that employer must pay 9% of your salary into your Superannuation Fund in Australia.

After your stint over the ditch is over, you always can get Australian tax refund. Especially if you worked less than a year. From my experience, people who worked less than entire financial year in Australia is entitled to some kind of tax refund. Of course everything depends on your salary.

Financial year is from July 1st till June 30th in Australia.
P.S. If you don't have flash installed please use this Australian tax calculator...