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.
|