- Financial Planning
- Tax Advice
- Australian Tax Residency
- Capital Gains Tax (CGT)
- Foreign Income
- FAF/FIF Taxation
- Overseas Redundancy
- Tax Effective Salaries
- Fly in - Fly out
- Income Tax Rates
- Offshore Trusts
- Australian Tax FAQ's
- US Tax Advice
- FBAR, FATCA Reporting
- US Taxation - FAQ's
- 457 Visa - Tax and Finance
- UK Tax Advice
- 2009 Budget
- Superannuation
- Pension Transfers
- International Retirement
- Investments - ASX Shares
- Australian Mortgages
- Foreign Currency Mortgages
- European Mortgages
- Life Insurance
- Health Insurance
- Travel Insurance
- Legal Advice
- Real Estate
- Foreign Exchange
- Expatriate Jobs
- Consultancy
Current Australian IncomeTax rates
A. Resident Individual Income Tax Rates
The tax rates appearing in the tables below apply to individuals who:
- Are residents of Australia for tax purposes for the whole financial year, and
- Did not leave full-time education for the first time during the financial year.
Note that these tax rates do not include the Medicare levy.
Resident Tax Rates 2010 - 2011 and 2011 - 2012*
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $37,000 |
15c for each $1 over $6,000 |
|
$37,001 - $80,000 |
$4,650 plus 30c for each $1 over $37,000 |
|
$80,001 – $180,000 |
$17,550 plus 37c for each $1 over $80,000 |
|
$180,001 and over |
$54,550 plus 45c for each $1 over $180,000 |
*Note that an additional Flood Levy is payable on incomes over $50,000 pa for the 2011-2012 tax year.
Resident Tax Rates 2009 - 2010
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $35,000 |
15c for each $1 over $6,000 |
|
$35,001 - $80,000 |
$4,350 plus 30c for each $1 over $35,000 |
|
$80,001 – $180,000 |
$17,850 plus 38c for each $1 over $80,000 |
|
$180,001 and over |
$55,850 plus 45c for each $1 over $180,000 |
Resident Tax Rates 2008 - 2009
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $34,000 |
15c for each $1 over $6,000 |
|
$34,001 - $80,000 |
$4,200 plus 30c for each $1 over $34,000 |
|
$80,001 – $180,000 |
$18,000 plus 40c for each $1 over $80,000 |
|
$180,001 and over |
$58,000 plus 45c for each $1 over $180,000 |
Resident Tax Rates 2007 - 2008
|
Taxable income |
Tax on this income |
|
$0 – $6,000 |
Nil |
|
$6,001 – $30,000 |
15c for each $1 over $6,000 |
|
$30,001 - $75,000 |
$3,600 plus 30c for each $1 over $30,000 |
|
$75,001 – $150,000 |
$17,100 plus 40c for each $1 over $75,000 |
|
$150,001 and over |
$47,100 plus 45c for each $1 over $150,000 |
B. Non-Resident Individual Income Tax Rates
Non-Resident Tax Rates 2010 - 2011 and 2011 - 2012*
|
Taxable income |
Tax on this income |
|
$0 – $37,000 |
29c for each $1 |
|
$37,001– $80,000 |
$10,730 plus 30c for $1 over $37,000 |
|
$80,001 - $180,000 |
$23,630 plus 37c for each $1 over $80,000 |
|
$180,001 and over |
$60,630 plus 45c for every $1 over $180,000 |
*Note that an additional Flood Levy is payable on incomes over $50,000 pa for the 2011-2012 tax year.
Non-Resident Tax Rates 2009 - 2010
|
Taxable income |
Tax on this income |
|
$0 – $35,000 |
29c for each $1 |
|
$35,001– $80,000 |
$10,150 plus 30c for $1 over $35,000 |
|
$80,001 - $180,000 |
$23,650 plus 38c for each $1 over $80,000 |
|
$180,001 and over |
$61,650 plus 45c for every $1 over $180,000 |
Non-Resident Tax Rates 2008 - 2009
|
Taxable income |
Tax on this income |
|
$0 – $34,000 |
29c for each $1 |
|
$34,001– $80,000 |
$9,860 plus 30c for $1 over $34,000 |
|
$80,001 - $180,000 |
$23,660 plus 40c for each $1 over $80,000 |
|
$180,001 and over |
$63,660 plus 45c for every $1 over $180,000 |
Non-Resident Tax Rates 2007 - 2008
|
Taxable income |
Tax on this income |
|
$0 – $30,000 |
29c for each $1 |
|
$30,001– $75,000 |
$8,700 plus 30c for $1 over $30,000 |
|
$75,001 - $150,000 |
$22,200 plus 40c for each $1 over $75,000 |
|
$150,001 and over |
$52,200 plus 45c for every $1 over $150,000 |
IMPORTANT: The material contained in this website and other associated communications is only intended as general, background information and must not be relied upon. No warranty is provided in relation to any material or to the services that may be contracted through exfin.com. It is recommended that individuals seek the advice of qualified professionals before taking any action.
