Tax Return Calculator

Tax Return Calculator

One of the most common question that customers often ask is “How can I estimate my tax return accurately?”. Almost all online tax return companies provide some form of income tax calculator. However, they only incorporate the most basic information like income and tax withheld ignoring other information. As a result, the estimate that you get is nowhere close to being accurate! So, what’s the solution? A real-time tax return calculator that considers all information and shows you the effect of each individual change on your online tax return.

Tax Shark is offering just what you have been looking for! From your tax timeline, once you choose between DIY or Upload & Submit and fill in your income and deduction details you can see our tax calculator right at the top. Total income, total deduction and amount refundable are shown separately. The amounts change with each new input showing you the overall effect. The numbers are accurate right to the last cent which enables you to trust the results fully.

How can I estimate my tax return?

All you need to do is follow 3 simple steps:

  • Register or login with us to submit your tax return online;
  • Enter your Income and Deduction details;
  • Keep an eye on the top of the page to see your tax return estimate, the total refundable box stays green as long as you’re getting a refund and turns red when you are liable to pay.
  • The customer has already applied for a refund, either directly or through another person, natural or legal;
  • The customer owes money to the ATO;
  • The ATO has different information on its system than that provided by the customer;
  • Tax Shark will endeavour to help the customer resolve these issues, provided it receives all necessary information and instruction from the customer.

Let’s start the Journey!