Individual income tax rates for Residents
These rates apply to individuals
who are Australian residents for tax
purposes(see Residency - what you need to know for more information).
Tax rates 2011-12
The following rates for 2011-12 apply from 1 July 2011.
|Taxable Income||Tax Payable|
|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 and over||$54,550 plus 45c for each $1 over $180,000|
The above rates do not include the Medicare levy of 1.5% (read Guide to Medicare levy for more information).
The above rates do not include the Flood
levy (read Flood levy information for individuals for more information).