Callaughan Partners Tax Calculator allows you to get an indication of your tax liability for the tax calendar years 2014-2015 and 2015-2016. Key in your income and expenses and the Callaughan Partners Tax Calculator will calculate the following;
Taxable Income
Medicare Levy
Medicare Levy Surcharge
Low Income Tax Offsets
Based on this information the Callaughan Partners Tax Calculator will also display whether you maybe eligible for a tax refund or if you are liable for extra tax. This calculator should be used for personal income tax returns only.
The Callaughan Partners Tax Calculator also provides useful information such as Tax Tips, you can use this information to determine what deductions your maybe eligible for in your working industry.
It also has an Expense Tracker which you can use and keep track of your expenses as you incur them throughout the year. Use the auto fill option to have these expenses automatically populated in the expenses section of the tax calculator.
Whilst we have taken due diligence to ensure that the calculations in this application are accurate, this calculator should only be used to obtain indicative calculations, you should always consult your tax advisor to ensure that your results are accurate for your circumstances.