Salary Converter

What can you get from this tool?

  • You can convert between a contract salary and permanent salary by using this tool.
    • By default, based on the data we collected, contract's average annual salary is ... higher than permanent
    • You can update the convertion rate by yourself.

How salary is calculated

  • The tax rate is based on the latest 2026 tax rate announced on ATO
  • The current super rate is 12.00% and the tax rate for super is 15.00%
  • Medical levy is 2.00% of taxable income when taxable income is over $34,027.00

Australian Tax Rate for 2026

$0 - $18,200
0.0%
Nil
$18,201 - $45,000
16.0%
16.0% for each $1 over $18,200
$45,001 - $135,000
30.0%
$4,288 plus 30.0% of amounts over $45,000
$135,001 - $190,000
37.0%
$31,288 plus 37.0% of amounts over $135,000
$190,001 and over
45.0%
$51,638 plus 45.0% of amounts over $190,000

Which part of Australia are you in?

Salary Details

Your current Permanent salary

$
%
days
: 1

The equivalent Contractor salary

$
%
days

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Income Tax Calculator

Total tax and tax rates calculation of Australia in 2026 based on your annual, daily or hourly salary.

Frequently Asked Questions

How do I convert an annual salary to a daily rate?

Divide the annual salary by the number of working days in a year. In Australia, a standard year has approximately 261 working days (52 weeks × 5 days, minus about 10 public holidays). So $100,000 ÷ 261 ≈ $383 per day.

How do I convert a daily rate to an annual salary?

Multiply your daily rate by the number of billable days per year. Contractors typically bill around 220–240 days per year after accounting for leave, public holidays, and time between contracts. So $500/day × 230 ≈ $115,000 per year.

What is the difference between gross and net income?

Gross income is your total earnings before tax. Net income (take-home pay) is what you receive after income tax and the Medicare levy are deducted. For example, a $100,000 gross salary in 2026 results in approximately $73,200 net.

How is superannuation calculated in Australia?

Employers must contribute 12% of your ordinary time earnings (OTE) to your super fund. This rate has applied since 1 July 2025. It is on top of your salary and is not deducted from your take-home pay.

What is salary packaging in Australia?

Salary packaging (also called salary sacrifice) allows you to pay for certain expenses from your pre-tax salary, reducing your taxable income. Common examples include extra super contributions, novated car leases, and — for FBT-exempt employers — living expenses.