Your figures
Your company's year
All amounts in $. Use figures from the company tax return, not the accounts. Yellow boxes are waiting for an entry.
$
Income year
$
Total assessable income before deductions.
$
Interest, most dividends and their franking credits, rent, royalties and net capital gains.
$
Include the turnover of affiliates and connected entities.
$
%
Last year's figures set the rate used for franking dividends this year.
$
$
%
100% means fully franked. Leave the dividend at 0 to see capacity only.
Results
From taxable income to after-tax profit
Company tax is a flat rate on taxable income. What is left can be kept in the company or paid out as dividends.
Taxable income, tax and dividend ($)
TotalTaken outPaid as a dividend
Things to know
Checks on your figures
Franking
Franked dividend capacity
The franking account limits how much can be paid as fully franked dividends. Profits alone do not create franking credits; tax paid does.
About this calculator
Purpose. To estimate whether an Australian company is taxed at the 25% base rate entity rate or the 30% full rate, its tax payable and after-tax profit, and how much fully franked dividend its franking account balance supports.
Assumptions and why we chose them. You can change every figure above.
- Company tax rates of 25% and 30% and the 50 million turnover and 80% passive income limits, as set by law for 2025-26 and 2026-27. Rates as at , for the income year you choose.
- The example is a trading company with 500,000 of taxable income, 8 million turnover and 40,000 of passive income. It is the worked example we test the page against.
- Last year's turnover and passive share start at this year's figures because many companies are stable from year to year. Change them if last year was different, because they set the franking rate.
- The franking balance is the balance immediately before the dividend, and the dividend is fully franked unless you change it.
Limitations and their effect.
- It does not convert accounting profit to taxable income, or model depreciation, R&D offsets, tax consolidation, international tax or thin capitalisation. Each could change taxable income and so the tax.
- It does not use prior year losses or test continuity of ownership. A company with losses to use may pay less tax than shown.
- It does not compute franking deficit tax or apply the benchmark franking rule. It flags a likely deficit but does not cost it.
- It does not add tax paid during the year (instalments and the final payment) to the franking account. Those payments create franking credits when paid, which would raise the capacity shown.
- It does not check whether the company can legally pay a dividend under the Corporations Act, for example that assets exceed liabilities after the payment.