Tax calculator / hourly rates
$42 an hour is $82,992 a year.
At $42 an hour on a standard 38-hour week you earn $82,992 a year before tax. In 2026-27 that's $65,915 after tax: $1,267.59 a week or $5,492.88 a month in your pocket.
Weekly
$1,267.59
take-home
Fortnightly
$2,535.18
take-home
Monthly
$5,492.88
take-home
Annually
$65,915
take-home
The full breakdown, 2026-27
| Weekly | Fortnightly | Monthly | Annually | |
|---|---|---|---|---|
| Gross income | $1,596 | $3,192 | $6,916 | $82,992 |
| Income tax | -$296 | -$593 | -$1,285 | -$15,418 |
| Medicare levy | -$32 | -$64 | -$138 | -$1,660 |
| Take-home pay | $1,268 | $2,535 | $5,493 | $65,915 |
| Employer super (12%) | $192 | $383 | $830 | $9,959 |
Marginal tax rate
30%
Effective tax rate
20.6%
With a HELP debt
$63,516 net
On a 40-hour week, $42 an hour is $87,360 a year before tax. Casual loading, overtime and penalty rates sit on top of the base rate - drop your real numbers into the calculator for the exact picture.
The 1 July 2026 tax cut (the 16% rate dropped to 15%) is worth $268 a year on this income compared with 2025-26. Figures are for an Australian resident with no dependants, including the low income tax offset where it applies, and leave out anything personal to you - deductions, salary sacrifice, offsets, private health. General information only, not tax advice.