Accredited Member of:
Tax Rates
Residents
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.
Tax rates 2008-09 *
| 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 |
*The above rates do not include the Medicare levy of 1.5% (read What is the Medicare levy? for more information).
Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances. For more information read About tax offsets.
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The following rates for 2009-10 apply from 1 July 2009. |
Tax rates 2009-10 *
| 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 |
Tax rates 2007-08 *
| Taxable income | Tax on this income |
| $1 – $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 2006-07 *
| 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 |
*The above rates do not include the Medicare levy of 1.5% (read What is the Medicare levy? for more information).
Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances. For more information read About tax offsets.
