Calculate your grossed-up income
Gross income is what you earn before tax and any other deductions are made. If you’re unsure what your gross salary is and need to know, you can crunch the numbers using this handy income gross up calculator.
How to use the income gross up calculator
Using the income gross up calculator is simple. All you need to do is enter your net (post-tax) income and nominate what the frequency of the pay is. For instance, you can enter your fortnightly payslip or your annual total. You’ll also have to select whether the 2% Medicare levy has already been paid.
Once you’ve done this, you can see what your annual gross income is, how much tax you paid and the percentage of your money that disappears before it reaches you.
When might I need to calculate my grossed-up salary?
There are many situations when you may need to know your annual salary based on your take-home pay. These can include:
- Applying for a home loan or car loan
- Filling in an application for a personal loan
- Applying for government assistance or pensions
- Supplying information to your tax agent or accountant
- Family court or divorce statements
Aside from the above, you may simply want to use the calculator to determine how much you’re paying in income tax each week, month or year.
