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 annual donation amount and it will display the net cost of your donation and your tax saving.

Calculation based on the following tax table

2022/23 Australian Individual Income Tax Rates

Taxable income          Tax on this income

0 – $18,200                 NIL
$18,201 – $45,000      19c for each $1 over $18,200
$45,001 – $120,000    $5,092 plus 32.5c for each $1 over $45,000
$120,001 – $180,000  $29,467 plus 37c for each $1 over $120,000
$180,001 and over     $51,667 plus 45c for each $1 over $180,000

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.
This information is not financial advice and is for illustrative purposes only. It’s always a good idea to get independent taxation advice.