What are the current tax rates for resident individuals, including sole traders?
The tax rates shown in the following table apply for income received by:
The following table details the tax brackets of our progressive tax system for the financial year ending 30 June 2011.
|
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 + |
$54,550 plus 45c for each $1 over $180,000 |
The following table details the tax brackets of our progressive tax system for the financial year ending 30 June 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 + |
$55,850 plus 45c for each $1 over $180,000 |
The following table details the tax brackets of our progressive tax system for the financial year ending 30 June 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 + |
$58,000 plus 45c for each $1 over $180,000 |
The following table details the tax brackets of our progressive tax system for the financial year ending 30 June 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 + |
$47,100 plus 45c for each $1 over $150,000 |
The following table details the tax brackets of our progressive tax system for the financial year ending 30 June 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 |
|
$75,000 – $150,000 |
$17,850 plus 40c for each $1 over $75,000 |
|
Over $150,000 |
$47,850 plus 45c for each $1 over $150,000 |
The following table details the tax brackets of our progressive tax system for the financial year ending 30 June 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 |
|
Over $95,000 |
$28,200 plus 47c for each $1 over $95,000 |
The Medicare levy (1.5% of taxable income) may also be payable on top of the above rates.
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