Tax Advice
A. Resident Individual Income Tax Rates
The tax rates appearing in the schedule 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.
Tax Rates 2008-2009
Taxable income |
Tax on this income |
$0 – $6,000 |
Nil |
$6,001 – $30,000 |
15c for each $1 over $6,000 |
$30,001 - $80,000 |
$3,600 plus 30c for each $1 over $30,000 |
$80,001 – $180,000 |
$18,600 plus 40c for each $1 over $80,000 |
$180,001 and over |
$58,600 plus 45c for each $1 over $180,000 |
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 |
Tax Rates 2006-2007
Taxable income |
Tax on this income |
$0 – $6,000 |
Nil |
$6,001 – $25,000 |
15c for each $1 over $6,000 |
$25,001 - $75,000 |
$2,850 plus 30c for each $1 over $25,000 |
$75,001 – $150,000 |
$17,850 plus 40c for each $1 over $75,000 |
$150,001 and over |
$47,850 plus 45c for each $1 over $150,000 |
Tax Rates 2005-2006
Taxable income |
Tax on this income |
$0 – $6,000 |
Nil |
$6,001 – $21,600 |
15c for each $1 over $6,000 |
$21,601 - $63,000 |
$2,340 plus 30c for each $1 over $21,600 |
$63,001 – $95,000 |
$14,760 plus 42c for each $1 over $63,000 |
$95,001 and over |
$28,200 plus 47c for each $1 over $95,000 |
Tax Rates 2004-2005
Taxable income |
Tax on this income |
$0 – $6,000 |
Nil |
$6,001 – $21,600 |
17c for each $1 over $6,000 |
$21,601 - $58,000 |
$2,652 plus 30c for each $1 over $21,600 |
$58,001 – $70,000 |
$13,572 plus 42c for each $1 over $58,000 |
$70,001 and over |
$18,612 plus 47c for each $1 over $70,000 |
Tax Rates 2005-2006
Taxable income $A |
Tax on this income |
$0 – $6,000 |
Nil |
$6,001 – $21,600 |
17c for each $1 over $6,000 |
$21,601 - $52,000 |
$2,652 plus 30c for each $1 over $21,600 |
$52,001 – $62,500 |
$11,772 plus 42c for each $1 over $52,000 |
$62,501 and over |
$16,182 plus 47c for each $1 over $62,500 |
B. Non- Resident Individual Income Tax Rates
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 |
* Non-residents are not required to pay the Medicare Levy.
Tax Calculators
There are a number of calculators available on the internet that will calculate your tax payable as a resident, based on certain inputted information. We provide a link to one such Tax Calculator below:
http://moneymanager.smh.com.au/tools/calculators/austincometax.html
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Created by PiXEL iNK MEDiA