Individual income tax rates
Residents
These rates apply to individuals who are Australian residents for tax purposes.
Tax rates 2017–18
Resident tax rates 2017–18
|
Taxable income
|
Tax on this 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%.
The temporary budget repair levy ceased applying from 1 July 2017.
Tax rates 2016–17
Resident tax rates 2016–17
|
Taxable income
|
Tax on this 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%
- Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.