You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). © Australian Taxation Office for the Commonwealth of Australia If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Make sure you have the information for the right year before making decisions based on that information. Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. Work out your Medicare levy, including any reductions or exemptions you are allowed. received a superannuation lump sum during the year and paid no tax on part or all of the amount.įind out more about the Medicare levy.received exempt foreign employment income.had a spouse and they were eligible for the Seniors and pensioners tax offset (SAPTO).If you have a spouse, use the calculator for your personal circumstances and then use it again for your spouse’s personal circumstances to find out your estimated Medicare levies. Whether you were eligible for a Medicare levy exemption and the number of days you were eligible.Our calculator can be used for the 2013–14 to 2022–23 income years and will take between 2 and 10 minutes to complete. You can use an income tax calculator online to quickly understand your tax liability.The income tax calculator is a simple tool that gets updated with the latest rules and regulations and shows you your accurate income tax liability for the year. You should use these results as an estimate and for guidance purposes only. The calculated results are based on the information you provide at the time of calculation. This will show as one amount on your notice of assessment as Medicare levy and surcharge. If applicable, we will include MLS with your Medicare levy. We will work out if you have to pay the MLS based on the information you provide in your tax return. If you have to pay the Medicare levy, you may have to pay the Medicare levy surcharge (MLS). The exact amount of your Medicare levy can only be calculated upon lodgment of your income tax return. The MLS is designed to encourage these taxpayers to take out private patient hospital cover and use the private hospital system. It applies to taxpayers on a higher income who don’t have private health cover. The Medicare levy surcharge (MLS) is a separate levy from Medicare levy. Go to the calculator Medicare levy calculator What you can do with this calculatorįor most taxpayers the Medicare levy is 2% of their taxable income.
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