A Head of Engineering earning the median salary of A$293K in Australia takes home approximately $189,420/year ($15,785/month) after Income Tax and the Medicare Levy, using 2026-27 rates.
Head of Engineering take-home pay across the salary range
Australian resident individual, no HECS-HELP. 2026-27 rates.
Entry (P25)
$284,000
gross/year
Take-home
$184,650
$15,388/month
Total tax
$99,350
35.0% effective rate
Breakdown
Tax: $93,670
Medicare: $5,680
Median
$293,000
gross/year
Take-home
$189,420
$15,785/month
Total tax
$103,580
35.4% effective rate
Breakdown
Tax: $97,720
Medicare: $5,860
Senior (P75)
$301,000
gross/year
Take-home
$193,660
$16,138/month
Total tax
$107,340
35.7% effective rate
Breakdown
Tax: $101,320
Medicare: $6,020
Adjust for your actual salary
The table above uses the Head of Engineering median. Enter your own gross salary below for a precise figure.
2026-27 tax year
Tax-free up to $18,200. 15% to $45,000. 30% to $135,000. 37% to $190,000. 45% above. Plus 2% Medicare Levy.
Common salaries:
Annual take-home pay
$189,420
Per month
$15,785
Per week
$3,643
Effective tax rate
35.4%
Employer superannuation (on top, not deducted)
$35,160/year
Under the Super Guarantee, your employer must pay an extra 12.0% of your ordinary time earnings into your super fund on top of your salary. This is notsubtracted from your take-home pay above — it's a separate, additional payment your employer makes on your behalf toward retirement.
How your $293,000 is split
$189,420
64.6%
$97,720
33.4%
$5,860
2.0%
| Gross salary | $293,000 |
| Income Tax | -$97,720 |
| Medicare Levy (2%) | -$5,860 |
| Total deductions | -$103,580 |
| Net take-home (annual) | $189,420 |
Calculations use 2026-27 Australian resident tax brackets and the 2% Medicare Levy, applying the low-income threshold as a simple cutoff rather than modelling the exact phase-in band. Superannuation Guarantee is shown as an informational employer contribution on top of salary and is not subtracted from take-home pay. Does not account for HECS/HELP student loan repayments, the Medicare Levy Surcharge, private health insurance rebates, or other offsets. For precise advice consult a registered tax agent or the ATO.
A Head of Engineering earning the median salary of A$293K in Australia takes home approximately $189,420 per year ($15,785 per month) after Income Tax and the Medicare Levy, using 2026-27 ATO resident rates.
On a median Head of Engineering salary of A$293K, the effective tax rate (Income Tax and Medicare Levy combined) is 35.4%, leaving $189,420 as take-home pay.
On a A$293K salary, a Head of Engineering pays approximately $97,720 in Income Tax per year under 2026-27 resident brackets (tax-free to $18,200, then 15%, 30%, 37%, and 45%).
On a A$293K salary, the Medicare Levy is approximately $5,860 per year at the standard 2% rate (above the low-income threshold).
No. The Superannuation Guarantee (12% for 2026-27) is an employer contribution paid on top of gross salary and is not deducted from the employee take-home figures on this page.
A senior Head of Engineering earning A$301K (P75 of the salary range) takes home approximately $193,660 per year ($16,138 per month) after Income Tax and the Medicare Levy, with an effective tax rate of 35.7%.
A junior Head of Engineering earning A$284K (P25 of the salary range) takes home approximately $184,650 per year ($15,388 per month) after Income Tax and the Medicare Levy, with an effective tax rate of 35.0%.
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