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Personal Income Tax Rates | Termination Payments | Medicare Payment | Reference Links
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Residents |
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| Tax Rates for Residents for 2009/10 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $6,000 |
$0.00 |
15% |
| $35,000 |
$4,350 |
30% |
| $80,000 |
$17,850 |
38% |
| $180,000 |
$55,850 |
45% |
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| Tax Rates for Residents for 2008/09 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $6,000 |
$0.00 |
15% |
| $34,000 |
$4,200 |
30% |
| $80,000 |
$18,000 |
40% |
| $180,000 |
$58,000 |
45% |
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Low Income Rebate of $1,200. $600 paid in tax deductions $600 rebate. Threshold $30,000, reduces by 4% up to $60,000. | |
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| Tax Rates for Residents for 2007/08 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $6,000 |
$0.00 |
15% |
| $30,000 |
$3,600 |
30% |
| $75,000 |
$17,100 |
40% |
| $150,000 |
$47,100 |
45% |
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Low income rebate of $750 therefore no tax until $11,000. Child's income threshold is $1,667 | |
| Tax Rates for Residents for 2006/07 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $6,000 |
$0.00 |
15% |
| $25,000 |
$2,850 |
30% |
| $75,000 |
$17,850 |
40% |
| $150,000 |
$47,850 |
45% |
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Low income rebate of $600 therefore no tax until $10,000. Child's income threshold is $1,333 | |
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| Tax Rates for Residents for 2004/05 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $6,000 |
$0.00 |
17% |
| $21,600 |
$2,652 |
30% |
| $52,000 |
$13,572 |
42% |
| $62,500 |
$18,612 |
47% |
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Low income rebate of $235 therefore no tax until $7,382. Child's income threshold is $772 | |
| Tax Rates for Residents for 2003/04 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $6,000 |
$0.00 |
17% |
| $21,600 |
$2,652 |
30% |
| $52,000 |
$11,772 |
42% |
| $62,500 |
$16,182 |
47% |
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Low income rebate of $150 therefore no tax until $6,882. Child's income threshold is $643 | |
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Resident Minors |
| Tax Rates for Resident Minors for 2008/09 |
| Taxable Income |
Tax on Col 1 |
| $0 |
$416 |
0 |
| $417 |
$732 |
$120.54 + 66% of excess over $416 |
| $733+ |
|
45% of entire amount |
| $62,500 |
$16,182 |
47% |
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No tax to pay - (Income threshold $2,667) taking into account Low Income Rebate. | |
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Non Residents |
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| Tax Rates for Non Residents for 2009/10 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $0 |
$35,000 |
29% |
| $35,000 |
$10,150 |
30% |
| $80,000 |
$23,650 |
38% |
| $180,000 |
$61,650 |
45% | |
| Tax Rates for Non Residents for 2008/09 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $0 |
$0.00 |
29% |
| $34,000 |
$9,860 |
30% |
| $80,000 |
$23,660 |
40% |
| $180,000 |
$63,660 |
45% | |
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| Tax Rates for Non Residents for 2007/08 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $0 |
$0.00 |
29% |
| $30,000 |
$8,700 |
30% |
| $75,000 |
$22,200 |
40% |
| $150,000 |
$52,250 |
45% | |
| Tax Rates for Non Residents for 2006/07 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $0 |
$0.00 |
29% |
| $25,000 |
$7,250 |
30% |
| $75,000 |
$22,250 |
40% |
| $150,000 |
$52,250 |
45% | |
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| Tax Rates for Non Residents for 2005/06 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $0 |
$0.00 |
29% |
| $21,600 |
$6,264 |
30% |
| $63,000 |
$18,684 |
40% |
| $95,000 |
$32,124 |
47% | |
| Tax Rates for Non Residents for 2004/05 |
| Taxable Income |
Tax on Col 1 |
% on excess |
| $0 |
$0.00 |
29% |
| $21,600 |
$6,264 |
30% |
| $58,000 |
$17,184 |
42% |
| $70,000 |
$22,224 |
47% | |
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Unused Annual Leave |
|
Period of Accrual |
Assessable Portion |
Maximum Rate |
| General retirement or termination: |
| Accrual before 18 August 1993 |
100% |
32% |
| Accrual after 18 August 1993 |
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| Step 1 |
Add 5% of the pre-16 August 1978 component to this component |
| Step 2 |
Divide the amount by the number of regular periods in a financial year (52 weeks, 26 fortnights or 12 months) |
| Step 3 |
Disregard any cents |
| Step 4 |
Using the regular PAYG withholding tax table used to calculate the amount to be withheld, obtain the amount to be withheld from the figure calculated at step 3 |
| Step 5 |
Subtract the amount calculated at step 4 from the amount withheld from the payee's normal gross earnings, and |
| Step 6 |
Multiply the amount calculated at step 5 by the number of regular pay periods in a financial year. |
| Bona fide redundancy, early ret. scheme, invalidity: |
| Period of Accrual |
Assessable Portion |
Maximum Rate |
| Paid after 18 Sep 1993 |
100% |
30% | |
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Unused Long Service Leave |
| Period of Accrual |
Assessable Portion |
Maximum Rate |
| General retirement or termination: |
| Accrual before 16 Aug 1978 |
5% |
Marginal |
| 16 Aug 1978 - 17 Aug 1993 |
100% |
32% |
| Accrual after 18 August 1993 |
| If unused leave < $300 |
100% |
36% |
| If unused leave > $300 |
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| Step 1 |
Add 5% of the pre-16 August 1978 component to this component |
| Step 2 |
Divide the amount by the number of regular periods in a financial year (52 weeks, 26 fortnights or 12 months) |
| Step 3 |
Disregard any cents |
| Step 4 |
Using the regular PAYG withholding tax table used to calculate the amount to be withheld, obtain the amount to be withheld from the figure calculated at step 3 |
| Step 5 |
Subtract the amount calculated at step 4 from the amount withheld from the payee's normal gross earnings, and |
| Step 6 |
Multiply the amount calculated at step 5 by the number of regular pay periods in a financial year. |
| Bona fide redundancy, early retirement scheme, invalidity: |
| Period of Accrual |
Assessable Portion |
Maximum Rate |
| Accrual before 16 Aug 1978 |
5% |
Marginal |
| Accrual after 16 Aug 1978 |
100% |
32% | |
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Reduced Medicare Levy 2008/09 |
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Eligible for Seniors Tax Offset |
Not eligible for Seniors Tax Offset |
|
Lower Limit |
Upper Limit |
Lower Limit |
Upper Limit |
| Single |
$28,867 |
$33,961 |
$17,794 |
$20,934 |
| Married/Family (no children/dependants) |
$42,000 |
$49,412 |
$30,025 |
$35,323 |
| Married/Family + 1 child/dependant |
$44,682 |
$52,675 |
$32,782 |
$38,567 |
| Married /Family +2 children/dependants |
$47,364 |
$55,722 |
$35,539 |
$41,810 |
| Married /Family +3 children/dependants |
$50,046 |
$58,877 |
$38,296 |
$45,054 |
| Married /Family +4 children/dependants |
$52,728 |
$62,032 |
$41,053 |
$48,297 |
| Increment for each additional child |
$2,682 |
$3,155 |
$2,757 |
$3,243 |
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Reduced Medicare Levy 2007/08 |
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Eligible for Seniors Tax Offset |
Not eligible for Seniors Tax Offset |
|
Lower Limit |
Upper Limit |
Lower Limit |
Upper Limit |
| Single |
$25,867 |
$30,431 |
$17,309 |
$20,363 |
| Married/Family (no children/dependants) |
$37,950 |
$44,647 |
$29,207 |
$34,361 |
| Married/Family + 1 child/dependant |
$40,632 |
$50,957 |
$31,889 |
$37,516 |
| Married /Family +2 children/dependants |
$43,314 |
$45,515 |
$33,571 |
$40,671 |
| Married /Family +3 children/dependants |
$45,996 |
$54,112 |
$37,253 |
$43,827 |
| Married /Family +4 children/dependants |
$48,678 |
$57,268 |
$39,935 |
$46,982 |
| Increment for each additional child |
$2,682 |
$3,155 |
$2,682 |
$3,155 |
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Reduced Medicare Levy 2006/07 |
|
Eligible for Seniors Tax Offset |
Not eligible for Seniors Tax Offset |
|
Lower Limit |
Upper Limit |
Lower Limit |
Upper Limit |
| Single |
$24,867 |
$29,255 |
$16,740 |
$19,694 |
| Married/Family (no children/dependants) |
$33,500 |
$39,411 |
$28,247 |
$33,231 |
| Married/Family + 1 child/dependant |
$36,094 |
$42,463 |
$30,841 |
$36,283 |
| Married /Family +2 children/dependants |
$38,688 |
$45,515 |
$33,435 |
$39,335 |
| Increment for each additional child |
$2,594 |
$3,051 |
$2,594 |
$3,051 |
| Reduced Medicare Levy for 2006/2007 |
|
No Levy if TI does not exceed |
Reduced Levy Payable if TI is between lower threshold and: |
1.5% Levy payable if TI is > |
| Single |
$16,284 |
$17,604 |
$17,604 |
| Married/Family + 1 depend.* |
$30,001 |
$32,228 |
$32,228 |
| Single Seniors |
$21,968 |
$23,749 |
$23,749 |
| Low Age Single |
$19,583 |
$21,170 |
$21,170 |
| Low Age Married |
$27,478 |
$29,705 |
$29,705 |
| Medicare Levy Dependants Separate Net Income |
| |
2006/07 |
2007/08 |
2008/09 |
| Dependants Under 21 - First dependant |
$1,786 |
1,786.00 |
1,786.00 |
| Dependants Under 21 - Additional dependants |
$1,410 |
1,410.00 |
1,410.00 |
| Dependants Under 25 - Full Time Student |
$1,786 |
1,786.00 |
1,786.00 |
| Reduced Medicare Levy for 2007/2008 |
|
No Levy if TI does not exceed |
Reduced Levy Payable if TI is between lower threshold and: |
1.5% Levy payable if TI is > |
| Single |
$17,309 |
$20,363 |
$20,363 |
| Married/Family + 0 depend. |
$29,207 |
$34,361 |
$34,361 |
| Married/Family + 1 depend. |
$31,889 |
$37,516 |
$37,516 |
| Married/Family + 2 depend. |
$34,571 |
$40,671 |
$40,671 |
| Married/Family + 3 depend. |
$37,253 |
$43,827 |
$43,827 |
| Married/Family + 4 depend. |
$39,935 |
$46,982 |
$46,982 |
| Reduced Medicare Levy for 2007/2008 Senior Australians |
| |
No Levy if TI does not exceed |
Reduced Levy Payable if TI is between lower threshold and: |
1.5% Levy payable if TI is > |
| Single |
$25,867 |
$30,431 |
$30,431 |
| Married/Family + 0 depend. |
$37,950 |
$44,647 |
$44,647 |
| Married/Family + 1 depend. |
$40,632 |
$47,802 |
$47,802 |
| Married/Family + 2 depend. |
$43,314 |
$50,957 |
$50,957 |
| Married/Family + 3 depend. |
$45,996 |
$54,112 |
$54,112 |
| Married/Family + 4 depend. |
$48,678 |
$57,268 |
$57,268 |
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