Tax Rates for Individual Residents

Tables

These rates apply to individuals who:

  • are residents of Australia for tax purposes for the whole financial year (see Residency-overview for more information), and
  • did not leave full-time education for the first time during the financial year.

 

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


 

Rates 2008 - 2009

Taxable Income Tax on this Income
$1 - $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

 

Rates 2009 - 2010

Taxable Income Tax on this Income 
$1 - $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

 

Rates 2010 - 2011

Taxable Income Taxable Income
$1 - $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

 

 

 

 

 

 

 

The above rates do not include the Medicare Levy of 1.5%.

2010/11 Federal Budget

Find out how the 2010/11 Federal Budget may impact your business ...

more >

Congratulations Adam

Congratulations to Adam Tagg from our office who recently completed his Bachelor of Commerce degree at the University of Wollongong Shoalhaven Campus.

more >

Tax Free Super!

For information on how to achieve tax-free superannuation for yourself, please visit out tax free superannuation page.

more >

Turn the Hours you Spend on your Accounts into Minutes

Get started with BankLink and start saving time, stress and hassle when it comes to doing your books. Find out how...

more >

CareersCommunity ContributionDisclaimerFinancial Dynamics NewsHistoryMedia ArticlesTeam ProfilesWhat is a CA?
For BusinessesFor Individuals
Business DocumentsBusinesses For SaleFinanceStarting up a Business
Self Managed Superannuation FundsSuperannuation for Individuals
Bookkeeping