Free Tax Calculator

Excel tax calculator updated to 2020-21 and now including 2021-22, 2022-23 and 2024-25.

Updated 11 May 2021 (Budget 2021)

The current version of the Excel spreadsheet has separate tabs for tax years 2018 to 2024-25.

The sheet runs on simple formulae and does not contain any macros. MS Excel for Windows PC version is required.

The increased LMITO has been incorporated into the latest spreadsheet calculations for the 2019, 2020, 2021 years, and incorporating all other adjustments announced in Budgets 2018, 2019, 2020 and 2021, carried through to the 2024-25 year.

Please bear in mind that tax rates for future years are included in the calculator for convenience, but can be changed at any time according government policy.

Useful as a planning tool, this spreadsheet tax calculator provides current resident tax rate calculations, with LITO, LMITO, manual medicare selectors and a scratch pad area where you can review the results with adjustments and after-tax calculations.

This is a simple spreadsheet calculator which enables the calculation of income tax plus Medicare Levy and LITO for taxable income on an annual basis.   

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Tax calculations have been updated to includes tax rates adjustments announced in Budget 2021 (11 May 2021).

This page was last modified 2021-05-12