Assessable income includes income earned from all sources including wages and salary; capital gains tax income and income from investments such as cash, shares and managed funds. This tax calculator is not a substitute for professional taxation advice, and the publishers do not take responsibility for the accuracy of the estimation. Taxpayers should have their tax return prepared by a registered tax agent if in any doubt.
Use this 2012 tax calculator to determine how much tax you will have to pay as an individual Australian taxpayer in the 2012 income tax year. The following tax calculator makes the following assumptions:
- Taxpayer is an Australian resident for tax purposes
- Taxpayer has private hospital cover
- Taxpayer is not entitled to the Senior Australians Tax Offset
- Taxpayer is not entitled to the Pensioner Tax Offset