Whats my Pay? Australia 2019-2020 LITE shows what your income converts to in hourly, daily, weekly, fortnightly, monthly and annual segments.
Simply choose which income you want to insert from: hourly, daily, weekly, monthly or annually. Then tailor the hours/week (full version only), days/week and Superannuation rate (full version only) according to your situation!
Includes calculations for low income tax offset, low and medium income tax offset, medicare and medicare levy surcharge (if applicable).
So , once you've inputted the relevant values, scroll down and review these three separate sections to understand how tax is deducted from your pay:
Gross Pay + Superannuation = Total (before-tax)
Gross Pay - Income Tax + LITO + LMITO = Nett Pay (after-tax)
Nett Pay - Medicare = Total
Superannuation – 9.5%
LITO – Low income tax offset
LMITO – Low to medium tax offset
Medicare – 2% in most cases
iPhone apps designed with purpose.
- New LITO and LMITO calculations
- Redesigned layout makes it easier to understand each section
- Updated 2019-2020 tax brackets
- Fortnightly value swapped for daily field entry
With Family Sharing set up, up to six family members can use this app.