repayment

The HECS repayment calculator is an essential tool for Australian graduates to estimate their Higher Education Contribution Scheme (HECS) loan repayments. To obtain accurate estimates, users need to provide specific data inputs. Here’s a detailed look at the required information for using the HECS repayment calculator effectively. 1. Annual Income Gross Annual Income: The most critical input is your annual pre-tax income. This figure includes all sources of taxable income, such as: Salary and wages: The primary source of income for most individuals.Bonuses and overtime payments: Any additional earnings from your employment.Freelance or contractor income: For those who work independently…