Payroll Calculator

IT Contractor Payroll Calculator

If you want to calculate your estimated income, super, or tax liability, try using our free online Payroll Calculator. It’s a quick and easy tool that can help you get a better understanding of your financial situation. Our calculator is designed to help you determine your net pay and tax liability quickly and easily. 



Weekly Payslip Calculator

To use our Contractor payroll calculator, Simply enter your details into the fields provided, and our calculator will do the rest. You’ll be able to see your net pay and tax liability in seconds.

Hourly Rate Salary Calculator

Join Today and Get Half Price* + Bonus Qantas Points**

IT contractor Calculator

Limited Time offer- 50% off  for the first 4 months*

Join today pay no more than 0.85% flat fee for our services.

Qantas Points – Get 5,000 point on your 6 month anniversary**

Earn Qantas Points, For a limited time we are offering 5,000 points to each new contractor who takes our service. 

Is this Payroll Calculator Accurate?

The results generated by this calculator have been developed based on the formulas established by the ATO and verified using the sample data provided. Due to the rounding of components, there may be slight variations between the results obtained and the amounts displayed in the published PAYG tax tables.

Does this calculator includes my Student Loan Payment? 

No, Student loans in Australia are financial assistance programs designed to help eligible students cover the costs of their tertiary education. The most common types of student loans in Australia are the Higher Education Loan Program (HELP), the Vocational Education and Training Student Loan (VETSL), and the Trade Support Loan (TSL). 

Under HELP, eligible students can borrow money from the Australian government to cover tuition fees and other education-related expenses. The amount borrowed is then repaid through the tax system once the borrower’s income reaches a certain threshold.

VETSL is a similar program that provides financial assistance for vocational education and training courses, while TSL is aimed at apprentices in eligible trades to help them cover the costs of their training.

Repayment thresholds and rates for all types of student loans, including HELP, VETSL, TSL, as well as other schemes such as the Student Start-up Loan (SSL) and ABSTUDY, are updated annually and are based on the borrower’s income. Since July 2019, all student loan types and the Student Financial Supplement Scheme (SFSS) have been consolidated under the same repayment threshold.

How much tax do i pay? 

The amount of tax you pay in Australia depends on several factors, such as your income, residency status, and deductions. Here’s a brief overview:

  • If you’re an Australian resident for tax purposes, you’ll pay tax on your worldwide income.

  • The tax rates in Australia are progressive, which means that the more you earn, the more tax you’ll pay.

  • In addition to income tax, you may also have to pay other taxes such as the Medicare levy, which is 2% of your taxable income, and the temporary budget repair levy, which applies to incomes over $180,000.

  • To get an accurate estimate of how much tax you’ll pay, you can use the Australian Taxation Office’s (ATO) online tax calculator. Keep in mind that this is only an estimate, and your actual tax liability may differ based on your individual circumstances. It’s always a good idea to consult with a tax professional if you have any questions or concerns.

How is tax calculated on wages? 

In Australia, tax on wages is calculated using a progressive tax system, which means that the amount of tax you pay increases as your income increases.

The current tax rates for Australian residents for the 2022-2023 financial year are as follows:

  • For income up to $18,200, there is no tax payable.
  • For income between $18,201 and $45,000, the tax rate is 19 cents for each dollar over $18,200.
  • For income between $45,001 and $120,000, the tax rate is $5,092 plus 32.5 cents for each dollar over $45,000.
  • For income between $120,001 and $180,000, the tax rate is $29,467 plus 37 cents for each dollar over $120,000.
  • For income over $180,000, the tax rate is $51,667 plus 45 cents for each dollar over $180,000.

Employers are required to withhold tax from their employees’ wages and remit it to the Australian Taxation Office (ATO) on their behalf. This is done through the Pay As You Go (PAYG) withholding system.

The amount of tax withheld depends on factors such as your income, tax bracket, and any tax offsets or deductions you may be eligible for. You can use the ATO’s online tax calculator to estimate your tax liability based on your income and other relevant information.

How can we help you?

CanvasICT will arrange all necessary insurance, pay your tax and superannuation, and ensure that your paycheck is paid on time, every time.

Insurance Sorted
From professional indemnity insurance to public liability insurance, we have the right coverage for your IT Contract.
Paid on TIme
Our automated payroll system ensures that your payments are processed accurately and efficiently.
Automated portal for timesheet and dedicated support team available to assist you.


When you join us. As a PAYG contractor, you are covered for Professional Indemnity and Public Liability Insurance – up to $20,000,000 each. But if you need higher cover we can certainly arrange that too.

You are required to have Professional Indemnity and Public Liability insurance to work as a contractor.

Yes, you can. From basic payroll management to fully tailored salary packages with cars, rental properties, or LAFHA we have you covered.

Yes, we can handle all aspects of your superannuation compliance, including calculating and making contributions on behalf of your employees, lodging reports with the ATO, and staying up-to-date with any changes to superannuation laws and regulations.

Our team of proficient professionals is readily available to assist you with any queries or concerns that may arise regarding your payroll system. We are dedicated to delivering exceptional customer service and ensuring the seamless operation of your payroll processes.

It’s your choice, You choose either Weekly or fortnightly or monthly. Your payment frequency can be customised to suit your needs.

Payroll outsourcing is the process of hiring an external company to handle your payroll tasks. This includes tasks such as payroll processing, payslip generation, employee payment processing, superannuation compliance, and more.

Yes, With our extensive experience serving businesses from diverse industries, we can customize our services to cater to your unique requirements. This guarantees that your payroll procedures are both streamlined and adhere to all necessary regulations.

IT payroll services is a type of payroll service that specializes in managing payroll functions for contractors and companies in the information technology industry.

No, and No. We believe if we will provide you with good service then you will not change to another provider. 

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast

Disclaimers: 1. This calculator is based on the FY 2022-23 Resident tax rates slab available on the ATO website, this calculator is for informational purposes only and should not be used as a substitute for professional financial advice. We do not guarantee the accuracy or completeness of the information provided * 50% off promotional offer is valid for new clients only and is available for a limited time. **Qantas point offer: the 6 months anniversary period is defined as 24 weeks of full-time (24 x 40 = 960 hours), You must have used our service for minimum of 24 weeks of full time work. This offer doesn’t cover the fee for joining the Qantas reward program. We reserve the right to change or cancel any promotional offer without any notice.