Do you want to calculate your tax refund estimate?
The calculator inside Etax.com.au is probably the most sophisticated and accurate tax return calculator available in Australia.
Some websites and tax return calculators just ask for your income and tax withheld. They can’t accurately predict your real ATO tax refund amount.
Quite simply, they don’t collect enough information about your tax return to give you an accurate estimate.
Etax.com.au Tax Refund Calculator
At Etax.com.au, after you register and log in, the tax refund calculator shows your tax refund estimate right at the top of the screen. It is accurate to the cent, based on the information you add to your return.
Each time you add a new detail to your return, the tax return calculator updates your tax refund estimate. It calculates how each number affects your overall tax refund.
This happens automatically and in real time, helping you to see how different items in your return can affect your refund. That’s not possible with most tax calculators!
Take a look at the screenshots below to see how it Etax.com.au tax return calculator works…
How to use the tax return calculator and see your accurate tax refund estimate:
- Start your tax return and create your account. (Already have an account? Just click here to login).
- Enter your income in the relevant fields.
- As you go, watch the top part of your return – your estimate is right there.
Next, go ahead and add your other income or deductions. Keep an eye on the top right hand corner and watch as the tax refund estimate changes with each new item you add to your return. The Etax system re-calculates your refund estimate based on the latest details you’ve entered.
Get an accurate tax refund calculation and finish your tax return in minutes. Try it out!
Why not use the ATO’s basic tax refund calculator?
The ATO’s online tax calculator gives an approximate or ‘ballpark’ refund estimate. The ATO’s calculator does not properly account for the Medicare levy and may provide an estimate that’s higher than your actual refund.
It is risky to use simplified or over-inflated high tax refund estimates. They make you feel good at the moment but later, if you’ve relied on that info and spent more money than you get from the ATO… trouble.
Instead, use an accurate tax return calculator and enter all your details carefully, so you’ll know how much to expect from the ATO.
Etax.com.au (Australia’s favourite online tax return) includes a live tax calculator that updates automatically based on each piece of information you enter, ensuring an accurate, personalised tax refund estimate.
Please note, the Tax Return Calculator is a free element of the Etax.com.au online tax return. The calculator provides an estimate of your tax refund (or payable).
After you complete and sign your tax return (most people finish in just 15 minutes), our qualified accountants check your return, and make any suggestions regarding further deductions or adjustments.
To start using the tax return calculator, just register and start your online tax return. The more details you add about income and deductions, the more accurate your refund estimate calculator will be.
Remember: The sooner you lodge your tax return, the sooner you’ll get your refund!
Etax.com.au is Australia’s most trusted online tax agent since 1998.