What is the Medicare levy calculator?
This calculator will provide an estimate of your Medicare levy, 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. Disclaimer • 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.
