Donations Tax Calculator

How much good can you do?

The Goodcompany calculator is a tool to help you discover just how generous you can afford to be. Simply add in your gross annual income and your donation amount and it will display the Net Cost of your Donation and your Tax Saving.

   
   
Calculate Cost Of Donation




To work out how much you can afford to deduct from each pay, simply multiply your annual donation by the number of pay cycles. Ie. 12 if paid monthly, or 52 if paid weekly or 26 if paid fortnightly.


*Calculation based on the following tax table

2016/17 Australian Individual Income Tax Rates

TAXABLE INCOME TAX ON THIS INCOME
The above rates do not include the Medicare levy of 2% or the Temporary Budget Repair Levy of 2% on taxable incomes over $180,000. Rates source Australian Government Taxation Office.
0 – $18,200 NIL
$18,201 – $37,00019c for each $1 over $18,200
$37,001 – $87,000$3,572 plus 32.5c for each $1 over $37,000
$87,001 – $180,000$19,822 plus 37c for each $1 over $87,000
$180,001 and over$54,232 plus 45c for each $1 over $180,000