Tag Archive: Income Tax Rates

Sep 14 2017

Medicare Levy Reduction or Exemption

Australian Low Income Earners can Qualify for a Medicare Levy Reduction or Exemption

If your taxable income is equal to or less than; $21,655 you do not have to pay the Medicare levy.
If you are a senior or pensioner, then that threshold becomes $34,244.

If your taxable income is between $21,655 and $27,068 ($34,244 and $42,805 for seniors and pensioners) then you may be entitled to a Medicare Levy Reduction.
Your Medicare Levy will be calculated at 10% of the difference between your taxable Income and the lower limit (eg: $21,655 or $34,244)

Example Rates..

Win a Luxurious home in Australia with Hometown Prize Draws.

For Books with Free Delivery to Australia, look at: BookDepository

Jun 28 2017

Income Tax Rates 2017-2018 Australia

A resident taxpayer in Australia who earns $18,200 or under, in the 2016 – 2017 year, will pay NO tax on that income.
If the annual income is $37,000 then the tax payable is $3,572. This is 9.65% of Taxable Income.
At an income of $87,000 the tax will be $19,822. This is 22.78% of Taxable Income.
For a higher earner at $180,000 the tax will be $54,232. This is 30.13% of Taxable Income.

Win a Luxurious home in Australia with Hometown Prize Draws.

For Books with Free Delivery to Australia, look at: BookDepository

Jul 30 2016

Income Tax Rates 2016-2017 Australia

A resident taxpayer in Australia who earns $18,200 or under, in the 2016 – 2017 year, will pay NO tax on that income.
If the annual income is $37,000 then the tax payable is $3,572. This is 9.65% of Taxable Income.
At an income of $87,000 the tax will be $19,822. This is 22.78% of Taxable Income.
For a higher earner at $180,000 the tax will be $54,232. This is 30.13% of Taxable Income.

Win a Luxurious home in Australia with Hometown Prize Draws.

For Books with Free Delivery to Australia, look at: BookDepository

Apr 16 2015

Income Tax Rates 2015-2016 Australia

Income Tax in Australia 2015 – 2016 A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This is 9.65% of Taxable Income. At an income of $80,000 the tax will be $17,762. …

Continue reading »

May 18 2014

Temporary Budget Repair Levy 2014-2017

The Temporary Budget Repair Levy – Australian Federal Budget 2014 As part of the 2014-15 Australian Federal Budget, the Temporary Budget Repair Levy will commence from 1st July 2014 and be in place for three years This is a levy on high paid earners (over $180,000 per year) only. The levy will be applied at …

Continue reading »

Apr 14 2014

Income Tax Rates 2014-2015 Australia

Income Tax in Australia A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income. If the annual income is $37,000 then the tax payable is $3,572. This is 9.65%. At an income of $80,000 the tax will be $17,547. This is 21.93%. For a higher …

Continue reading »

Jun 17 2011

Income Tax Rates 2011-2012

Australian Income Tax Rates for the year 2011/2012 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 Over $180,000 $54,550 plus 45c for …

Continue reading »

May 12 2010

Income Tax Rates 2010-2011 Australia

Australian Income Tax Rates for the year 2010/2011 Index: Income Tax Rates in Australia 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 …

Continue reading »

Dec 13 2009

Individual Income Tax Rate

The individual income tax rates for the current year 2009-2010 year are: 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 $34,000 $80,001 ?? $180,000 $17,850 plus 38c for each $1 over $80,000 Over $180,000 …

Continue reading »

Sep 05 2009

Income Tax Rates 2009-2010 Australia

Australian Income Tax Rates for the year 2009/2010 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 Over $180,000 $55,850 plus 45c for …

Continue reading »

Older posts «