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Australian Government: The Treasury



The Treasury has prepared a simple indicative calculator for the tax cuts in 2005-06 and in 2006-07. This will provide taxpayers with an estimate of their tax saving due to the personal income tax cuts in 2005-06 and 2006-07 compared with tax payable on the same income in 2004-05.

The calculator provides an estimate of the tax saving for most tax payers (including the effect of the low income tax offset where applicable). It does not cover the tax cuts for people in special circumstances such as those eligible for the Senior Australians Tax Offset, or other offsets or credits apart from the low income tax offset. The calculator also does not cover non-residents, people with a part-year tax-free threshold, or minors with significant unearned income.

The calculator does not attempt to show the amount of tax that may be payable or the amount of refund that may be received.