|
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
|
|
Over $180,000
|
$54,097 plus 45c for each $1 over $180,000
|
The above rates do not include:
> the Medicare levy or
> the effect of Income Tax Offsets.
These rates apply to individuals who:
> are residents of Australia for tax purposes for the whole financial year, and
> are 18 years and over on 30 June, or
> are resident minors who are ‘excepted persons’, or
> is the ‘excepted income’ of resident minors.