Australian Tax Calculator: Calculate Your Income Tax Online

def calculate_tax(income): if income <= 18200: tax = 0 elif 18201 <= income <= 45000: tax = (income - 18200) * 0.19 elif 45001 <= income <= 120000: tax = 5092 + (income - 45000) * 0.325 elif 120001 <= income <= 180000: tax = 29467 + (income - 120000) * 0.37 else: tax = 51667 + (income - 180000) * 0.45 return tax

income = float(input('Enter your income: ')) tax_payable = calculate_tax(income) print('Your tax payable is: $', round(tax_payable, 2))