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Estimation methodology

This tool estimates PAYG refunds using public ATO rates, all constants verified against official sources. Below are the calculation basis and data sources.

Formula

Refund/owing = PAYG withheld − (progressive income tax + Medicare Levy − LITO + HECS repayment)

Resident tax brackets (FY2025-26)

$0 – $18,2000%
$18,201 – $45,00016%
$45,001 – $135,00030%
$135,001 – $190,00037%
$190,001 +45%

Medicare Levy

2% of taxable income, with a low-income shade-in (single FY2025-26 exempt below $28,011).

Low Income Tax Offset (LITO)

Taxable income ≤ $37,500 gets the full $700, phasing to zero by $66,667; offsets income tax only, not Medicare.

HECS / HELP repayment

From FY2025-26 a marginal system: repayment only on income above the threshold ($67,000), capped at 10% of repayment income.

Income percentile

Based on ATO Taxation Statistics 2022-23 individual taxable income distribution (~16.1M lodgers), interpolated. Incomes grow over time; percentile is indicative.

This page and tool are estimates, not tax advice. Lodge through ATO myTax or a registered tax agent.

This tool provides a refund estimate based on your inputs and public ATO rates. Results are estimates and may differ from your actual assessment.

This tool is not tax advice and does not replace a registered tax agent (TPB) or accountant. Lodge through myGov / ATO myTax or a registered tax agent.

Your inputs are calculated locally in your browser, never uploaded, and your personal data isn't stored.

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© JR Academy · v0.1 · How it works