When making a regular donation from your pay packet it's important to ensure you can afford to give from pay to pay. Making a tax deductible donation means you can pay less tax, so you might be able to give a little more which is a win-win not only for the charity that recieves a greater donation, but you will also pay less tax.
To work out just how generous you can afford to be, simply enter the Annual Donation you would like to make and your Annual Income. The calculator will display the Net Cost of the Donation and your Tax Saving.
To work out how much you should deduct each pay, divide your Annual Donation by 12 if you are paid monthly; by 26 if you are paid fortnightly; or 52 if you are paid weekly.
| Taxable Income | Tax On This Income |
| 0 - $6,000 | Nil |
| $6,001 - $37,000 | 15c for each $1 over $6,000 |
| $37,001 - $80,000 | $4,650 plus 30c for each $1 over $37,000 |
| $80,001 - $180,000 | $17,550 plus 37c for each $1 over $80,000 |
| $180,001 and over | $54,550 plus 45c for each $1 over $180,000 |
The above rates do not include the Medicare levy of 1.5% or the Flood levy. Rates source Australian Government Taxation Office.
Our thanks to TaxCalc for providing the basis for CAF’s online calculator