Side Hustle Income Calculator Australia
Calculate your side hustle income after tax and expenses. Analyze multiple income streams, tax implications, and true hourly rates for your side businesses.
Primary Income
$
Current Situation
Annual Salary:$75,000
Monthly:$6,250
Side Hustle Tips
- • Track all income and expenses
- • Set aside money for tax
- • Consider getting an ABN
- • Keep detailed records
- • Plan for quarterly tax payments
Side Hustles
$
$
Monthly Profit:$1,800
Hourly Rate:$42/hr
Income Analysis
Total Annual Income
$89,580
+19.4% increase from side hustles
Side Hustle Net Income
$14,580
$1,215/month
Average Hourly Rate
$28
520 hours/year
Side Hustle Breakdown
Total Revenue$24,000
Total Expenses-$2,400
Additional Tax-$7,020
Net Side Hustle Income$14,580
Time Investment
Weekly Hours10.0 hours
Monthly Hours43 hours
Annual Hours520 hours
Tax Considerations
- • Set aside 33% for tax
- • Consider quarterly PAYG instalments
- • Keep detailed expense records
- • May need to register for GST if revenue >$75k
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