If my gross pay is 1200 what is my net

Gross pay estimator
The gross pay estimator will give you an estimate of your gross pay based on your net pay for a particular pay period. A pay period can be weekly, fortnightly or monthly. It can be used for the 2013–14 to 2021–22 income years.
Table of Contents Show
On this page
- Before you use this calculator
- Information you need for this calculator
- When you can't use the calculator
- Access the calculator
Before you use this calculator
The calculated results are based on the information you provide at the time of calculation. You should use these results as an estimate and for guidance purposes only.
This calculator will help you to work out an estimate of your gross pay and the amount withheld from payment made to you as a payee where:
- you were not provided a payment summary by your payer and there are no income statement details available via myGov
- you did not receive a payslip for a pay period (can be weekly, fortnightly or monthly).
If the amount of your pay differs from one period to another, it is not possible to calculate the annual income based on the amount received on a single pay period. You will need to use the calculator to estimate your gross pay for each pay period that you do not know and then total them separately.
Information you need for this calculator
- Your take home pay amount for the pay period (can be weekly, fortnightly or monthly).
- Your residency status.
- Your instalment rate as notified by us (called the Commissioner’s instalment rate or CIR) if the following applied:
  - you were paid under a voluntary agreement, and
  - this rate is different to the flat rate of 20%.
When you can't use the calculator
You can't use the gross pay estimator if you have:
- a pay as you go (PAYG) withholding variation in place
- a withholding declaration you completed, to increase the withholding from your pay or to claim tax offsets
- deductions (pre-tax or post-tax) taken from your pay, including
  - pre-tax deductions, such as workplace giving, are arrangements where you make a donation to a charity and the donation is deducted from your pay before tax is calculated – tax in this situation is calculated after the donation is deducted from your pay
  - post-tax deductions, such as union fees, payee superannuation contributions, are deducted from your net pay that is, after tax has been deducted from your gross pay
- a lump sum payment of back payments, commissions, or bonuses (including leave loading) that you received.
Access the calculator
Our calculator will take between 2 and 10 minutes to use.
Gross pay estimator This calculator will give you an estimate of your gross pay based on your net pay for a particular pay period (weekly, fortnightly or monthly).
Last modified: 01 Jul 2022QC 18296

Created by Mateusz Mucha and Tibor Pal, PhD candidate

Reviewed by Bogna Szyk and Jack Bowater

Based on research by

“Financial Management: Theory and Practice“ (2016)

Last updated: Mar 14, 2022

The net to gross calculator helps you see how much an amount will worth be after we add or before we deduct a tax (look below for an explanation, it can be a bit tricky). As with all Omni calculators, you can input values into the fields in any order, and the calculation will still work fine. We have, however, created a gross to net calculator, which may be a bit more intuitive. In either case, it might be a good idea to read the net vs gross section below to understand the difference between net and gross and why gross pay vs net pay may be calculated differently than gross price vs net price.

Net vs gross

As mentioned before, net is an amount before we add the tax (when the tax is added to the base amount, as with VAT or sales tax) or after we deduct it (as with the income tax). This distinction is very important.

Consider two examples:

You are a shop owner and you sell a huge chocolate bar for $40. The sales tax or VAT (doesn't really matter in this case) is 25%. The gross price would be $40 + 25% = $40 + $10 = $50. Net price is $40, gross price is $50 and the tax is 25%.
You perform a job and your gross pay is $50. The income tax is 20%, so your net income is $50 - 20% = $50 - $10 = $40.

In both examples, we had the same gross and net amounts, but the tax percentage turned out to be different This is all down to how, in the first example, the net price was the base for the tax calculation, while in the second one, the gross amount was.

Gross pay vs net pay

The general distinction is simple - gross pay is the amount before taxes are applied. When they are, we have a lower amount - a net wage. The mechanism may be different from country to country; in the US, medical, dental, life insurance and 401(k) payments are handled by the employer and are calculated at an earlier stage. In Poland, on the other hand, the difference between net and gross salary is much bigger - an employee needs to pay social security (split into medical, disability and retirement insurances), which are often higher than the income tax itself.

Tare vs gross weight vs net weight

These terms come into play when packaged goods are considered. Net weight is the goods alone, the weight of the container (a box, jar or a truck) is called the tare, and, finally, the gross weight is how much everything (your jam and the jar) weight. This net to gross calculator isn't really meant to be used to calculate weight, as the calculation is a simple addition: net weight + tare = gross weight.

Gross profit vs net profit

Gross profit's definition is clear - it's sales revenues minus cost of goods sold. Sales revenue is the figure after customer discounts, returns and allowances are factored in. It's often expressed as a percentage. You may calculate it with our profit margin calculator. It's only a partial measure of profitability, as it doesn't contain other costs (marketing, office upkeep, etc.).

Net profit, on the other hand, is a full measure of profitability - all costs are accounted for. That's why it's often called the bottom line.

FAQ

What is tare weight?

Tare weight refers to the container's weight. Whenever someone acquires a product, from canned fruit to a car, the product often comes in a container, be it an envelope, bag, or shipping container. The weight of a container has to be defined, so the client doesn't end up paying for the container. The weight of the product without the tare weight is known as net weight.

What is gross profit?

Gross profit is the amount the company earns after subtracting all the costs of goods sold. In finance and accounting, this is also known as COGS. It is an essential key metric because typically, it is hard to reduce such costs; consequently, to be profitable, it is better to start with a product that provides you with a sufficient gross profit.

What is net profit?

Net profit is the company's earnings after removing all cost of goods sold (COGS), overheads, marketing expenses, and even taxes. You can consider it as the money you can pocket at the end of the business transaction.

What is gross price?

Gross price refers to the total price the customer pays for his product at checkout. It includes all costs of goods sold, selling costs, and taxes. In other words, gross price is the total cost the customer pays to acquire a product.

Mateusz Mucha and Tibor Pal, PhD candidate

AGIAnnual incomeBiden's Tax Plan… 22 more

How do I calculate net from gross?

The gross price would be $40 + 25% = $40 + $10 = $50 . Net price is $40 , gross price is $50 and the tax is 25% . You perform a job and your gross pay is $50 . The income tax is 20% , so your net income is $50 - 20% = $50 - $10 = $40 .