These rates apply to individuals who are residents of Australia for tax purposes.
Resident Tax Rates for 2012/2013
| Individual | |
|
Taxable
Income
|
Tax
on Taxable Income
|
|
$0
- $18,200
|
Nil
|
|
$18,201 $37,000
|
19c for each $1 over $18,200
|
|
$37,001 $80,000
|
$3,572 plus 32.5c for each $1 over $37,000
|
|
$80,001 $180,000
|
$17,547 plus 37c for each $1 over $80,000
|
|
$180,001 and over
|
$54,547 plus 45c for each $1 over $180,000
|
|
*
The above rates do not include the Medicare levy of 1.5%
|
|
|
Company
|
|
|
30%
on Taxable Income
|
|
Resident Tax Rates for 2013/2014
|
Individual
|
|
|
Taxable
Income
|
Tax
on Taxable Income
|
|
$0
- $18,200
|
Nil
|
|
$18,201 $37,000
|
19c for each $1 over $18,200
|
|
$37,001 $80,000
|
$3,572 plus 32.5c for each $1 over $37,000
|
|
$80,001 $180,000
|
$17,547 plus 37c for each $1 over $80,000
|
|
$180,001 and over
|
$54,547 plus 45c for each $1 over $180,000
|
|
*
The above rates do not include the Medicare levy of 1.5%
|
|
|
Company
|
|
|
30%
on Taxable Income
|
|