Residents
These rates apply to individuals who are Australian residents for tax purposes (refer to Residency – what you need to know for more information).
 |
income tax professionals |
Tax rates 2014-15
| Taxable income |
Tax on this income |
|---|---|
| 0 – $18,200 |
Nil |
| $18,201 – $37,000 |
19c for each $1 over $18,200 |
| $37,001 – $80,000 |
$3,572 plus 32.5c for each $1 over $37,000 |
| $80,001 – $180,000 |
$17,547 plus 37c for each $1 over $80,000 |
| $180,001 and over |
$54,547 plus 45c for each $1 over $180,000 |
The above rates do not include the Medicare levy of 2%
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The above rates do not include the Temporary Budget
Repair Levy. The Temporary Budget Repair Levy is payable at a rate of 2%
for taxable incomes over $180,000.
Find out more
Tax rates 2013-14
| Taxable income |
Tax on this income |
|---|---|
| 0 – $18,200 |
Nil |
| $18,201 – $37,000 |
19c for each $1 over $18,200 |
| $37,001 – $80,000 |
$3,572 plus 32.5c for each $1 over $37,000 |
| $80,001 – $180,000 |
$17,547 plus 37c for each $1 over $80,000 |
| $180,001 and over |
$54,547 plus 45c for each $1 over $180,000 |
The above rates do not include the Medicare levy of 1.5%.
Find out more
Foreign residents
If you are a foreign resident for the full year, the following rates apply:
Tax rates 2014–15
| Taxable income |
Tax on this income |
|---|---|
| 0 – $80,000 |
32.5c for each $1 |
| $80,001 – $180,000 |
$26,000 plus 37c for each $1 over $80,000 |
| $180,001 and over |
$63,000 plus 45c for each $1 over $180,000 |
Foreign residents are not required to pay the Medicare levy.
The above rates do not include the Temporary Budget
Repair Levy. The Temporary Budget Repair Levy is payable at a rate of 2%
for taxable incomes over $180,000.
Tax rates 2013–14
| Taxable income |
Tax on this income |
|---|---|
| 0 – $80,000 |
32.5c for each $1 |
| $80,001 – $180,000 |
$26,000 plus 37c for each $1 over $80,000 |
| $180,001 and over |
$63,000 plus 45c for each $1 over $180,000 |
Foreign residents are not required to pay the Medicare levy.
Children
If you are under the age of 18, and receive unearned income (for example, investment income), special rates apply. Refer to Income of individuals under the age of 18.
Calculators
A simple tax calculator is available to help you calculate the tax on your taxable income. The Comprehensive tax calculator
also takes into account Medicare levy, higher education loan scheme
repayments, tax offsets and tax credits to give you an estimate of the
amount of your tax refund or debt.
Tax deducted from your pay
If you want to know how much your employer (or other payer) is
required to withhold from payments to you, use the Tax withheld
calculator.
Work it out
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Video tax tips on the Australian Taxation Office's
If you need help applying this information to your personal situation, phone us on 13 28 61.
This News is Reprinted form site https://www.ato.gov.au/Rates/Individual-income-tax-rates/
