Tax rates

Residents

These rates apply to individuals who:

  • are residents of Australia for tax purposes for the whole financial year (see Residency – overview for more information), and
  • did not leave full-time education for the first time during the financial year.

The following rates for 2016-17 apply from 1 July 2016

Taxable incomeTax on taxable income
0 – $18,200 Nil
$18,201 – $37,000 19c for each $1 over $18,200
$37,001 – $87,000 $3,572 plus 32.5c for each $1 over $37,000
$87,001 – $180,000 $19,822 plus 37c for each $1 over $87,000
$180,001 and over $54,232 plus 45c for each $1 over $180,000

The above rates do not include the Medicare levy of 2% and temporary budget repair levy of 2% that is payable for taxable incomes over $180,000.

(Read What is the Medicare levy? for more information).

Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances. For more information read About tax offsets.

Tax rates 2013-14

Taxable incomeTax 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

Tax rates 2012-13

The following rates for 2012-13 apply from 1 July 2012.
Taxable incomeTax 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%

Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances.

Tax rates 2011-12

The following rates for 2011-12 apply from 1 July 2011.
Taxable incomeTax 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 and over $54,550 plus 45c for each $1 over $180,000

* The above rates do not include the Medicare levy of 1.5%

* Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances. For more information read About tax offsets.

*The above rates do not include the Flood levy

Flood levy rates

Taxable incomeFlood levy on this income
$0 to $50,000 Nil
$50,001 to $100,000 Half a cent for each $1 more than $50,000
More than $100,000 $250 plus 1c for each $1 more than $100,000

*Certain taxpayers are eligible for exemption from the flood levy