Income Tax Rates in Australia 2011

The Australian Income Tax rates for the financial year 2011-12 are:

Taxable income Tax on this income in 2011-12
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 or the Flood levy.

Tax Tables for employers can be seen at www.ato.gov.au

The rates for 2010-2011 were:

Taxable income Tax on this income in 2010-211
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

 

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