Medicare levy calculator

how is medicare levy calculated

The Medicare levy calculator allows you to calculate your Medicare levy for the past three income years, taking into account any entitlement to a reduction or exemption.

Information you may need

  • your taxable income
  • your spouse's taxable income
  • if you are eligible for an exemption, the number of days.

This calculator will provide an estimate of your Medicare levy, taking into account any entitlement to a reduction or exemption.

End of further information

  • This calculator provides an estimate only. The exact amount

    will be determined once you have lodged your income tax return.

  • This tool is unable to calculate your Medicare levy if you have received exempt foreign employment income.
  • This tool is unable to calculate your Medicare levy if you have any taxed element of a superannuation lump sum for which the tax rate is zero.
  • This tool is unable to calculate your Medicare levy surcharge. You can use the Comprehensive tax calculator to calculate the surcharge component.
End of attention

This will take 2 to 10 minutes to complete

Source: www.ato.gov.au

Category: Insurance

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