🛠️ How to Use the Weekly Tax Calculator

Follow these straightforward steps to utilize the calculator:

1. Enter Your Gross Weekly Income: Input your total weekly earnings before any deductions.
2. Claim Tax-Free Threshold: Indicate whether you are claiming the tax-free threshold, which can reduce the amount of tax withheld from your pay.
3. Study or Training Loan: Specify if you have a study or training loan, such as a HELP or HECS debt, as this will affect your repayment obligations.
4. Calculate: Click the “Calculate Tax” button to view your estimated tax deductions and net income.

📊 What You’ll See in the Results

After calculation, the tool will display:

• Gross Income: Your total weekly earnings before deductions.
• Estimated Tax (Including Medicare): The amount of tax and Medicare levy estimated to be withheld from your pay.
• Study Loan Repayment: If applicable, the estimated weekly repayment towards your study or training loan.
• Net Income: Your take-home pay after all deductions.

This calculator provides an estimate based on the 2024–2025 ATO weekly tax tables and is intended as a guide only.

💡 Why Use This Tool?

• Budgeting: Understand your weekly net income to manage expenses effectively.
• Financial Planning: Plan for savings, investments, or major purchases with a clear picture of your net income.
• Tax Awareness: Anticipate your tax obligations and avoid surprises at tax time.
• Loan Repayment Insights: If you have a study or training loan, see how much you’ll repay weekly.