Australian Residents
Tax Rates 2018 - 2019
|
Taxable
income
|
Tax
on this income
|
|
0 - $18,200
|
Nil
|
|
$18,201 - $37,000
|
19c
for each $1 over $18,200
|
|
$37,001 - $90,000
|
$3,572
plus 32.5c for each $1 over $37,000
|
|
$90,001 - $180,000
|
$20,797
plus 37c for each $1 over $90,000
|
|
$180,001
and over
|
$54,097
plus 45c for each $1 over $180,000
|
The
above rates
do not
include the
Medicare levy of 2%.
The
above rates include changes announced in the 2018-19 Federal Budget.
Tax Rates 2017 - 2018
|
Taxable income
|
Tax on this income
|
|
0 - $18,200
|
Nil
|
|
$18,201 - $37,000
|
19c for each $1 over $18,200
|
|
$37,001 - $87,000
|
$3,572 plus 32.5c for each $1
over $37,000
|
|
$87,001 - $180,000
|
$19,822 plus 37c for each $1
over $87,000
|
|
$180,001 and over
|
$54,232 plus 45c for each $1
over $180,000
|
The above rates do not include the Medicare levy of 2%.
The temporary budget repair levy ceased applying from 1 July 2017.
Tax Rates 2016 - 2017
|
Taxable income
|
Tax on this income
|
|
0 - $18,200
|
Nil
|
|
$18,201 - $37,000
|
19c for each $1 over $18,200
|
|
$37,001 - $87,000
|
$3,572 plus 32.5c for each $1
over $37,000
|
|
$87,001 - $180,000
|
$19,822 plus 37c for each $1
over $87,000
|
|
$180,001 and over
|
$54,232 plus 45c for each $1
over $180,000
|
The above rates do not include the Medicare levy of 2%.
The above rates do not include the Temporary Budget Repair Levy: this levy is payable at a rate of 2% for taxable incomes over $180,000.
|
