How to work out your accountant salary after tax and Medicare levy
The median accountant salary is $104,156 per year, which after income tax and the Medicare levy leaves $80,306 in take-home pay.
How to work out your accountant salary after tax
If you're an accountant in Australia, knowing what lands in your bank account after tax and the Medicare levy is essential. This guide uses the latest public data from Jobs and Skills Australia and the Australian Taxation Office to show you how to calculate your take-home pay from the median accountant salary.
Median accountant salary from Jobs and Skills Australia
According to the ABS Survey of Employee Earnings and Hours (May 2025), the median full-time earnings for accountants (ANZSCO 2211) are $2,003 per week, or $104,156 per year. That is higher than the all-occupations median of $1,852 per week. Accountants are award-free, so the legal floor is the National Minimum Wage of $26.44 per hour and $1,004.90 per week, but the market rate is far above that.
Tax and Medicare for 2026–27
Your accountant salary is taxed using the 2026–27 resident tax rates. The first $18,200 is tax-free. Income from $18,201 to $45,000 is taxed at 15c per dollar, and from $45,001 to $135,000 at 30c per dollar. For a salary of $104,156, the tax before offsets is $21,767. You may be eligible for the Low Income Tax Offset (LITO), but at this income it is fully phased out. The Medicare levy is 2% of your taxable income. Full-time accountants pay the full 2% because your salary exceeds the latest published single-person Medicare thresholds of $28,011 and $28,011 and $35,013. The total tax and levy on the median accountant salary is $23,850.
Take-home pay calculation
Your take-home pay from the median accountant salary is $80,306 per year. That is $1,544 per week or $3,088 per fortnight. This is after income tax and the Medicare levy, but before any salary sacrifice or HELP/HECS deductions. Use our Take-home pay calculator to check your own figures. Remember, this is an estimate only and not a tax assessment.
Super and salary packaging
Your accountant salary is quoted before super. Your employer must pay 12% superannuation on top from 1 July 2026, up to a maximum contribution base of $270,830. That means your total package is higher. You can also reduce your taxable income through salary packaging, such as sacrificing salary into super or a car. This lowers your tax and Medicare levy, but reduces your take-home cash. See our Tax and Medicare guide for more on offsets and deductions.
Questions
How is the accountant salary taxed in 2026–27?
The accountant salary is taxed at resident rates: nil on the first $18,200, 15c per dollar from $18,201 to $45,000, and 30c per dollar from $45,001 to $135,000. For the median salary of $104,156, tax before offsets is $21,767. The Low Income Tax Offset reduces tax to zero for incomes up to $37,500, but at $104,156 the offset is fully phased out. Medicare levy of 2% adds $2,083, for total tax and levy of $23,850.
What is the take-home pay for an accountant on the median salary?
On the median accountant salary of $104,156 per year, your take-home pay is $80,306 per year, or $1,544 per week, $3,088 per fortnight. This is after income tax and the Medicare levy, but before any salary sacrifice or HELP/HECS deductions. Superannuation is paid on top by your employer and does not reduce your take-home.
Does the accountant salary include superannuation?
No, the median accountant salary figure from Jobs and Skills Australia is before super. Under the Superannuation Guarantee, your employer must contribute 12% of your ordinary time earnings on top of your salary, up to a maximum contribution base of $270,830 per year. So your total remuneration package is higher than the salary figure.