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May 12 2010

Income Tax Rates 2010-2011 Australia

Australian Income Tax Rates for the year 2010/2011

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 each $1 over $180,000

* Low income earners under $16,000 will pay no tax, due to the Low Income Tax Offset.

The above rates DO NOT include the 1.5% Medicare levy

The following comparisons show the tax deduction differences for a selection of Gross Salaries:

  • $30,000 Gross = 2009/10 tax of $3,600 with no change in 2010/11.  No saving.
  • $60,000 Gross = 2009/10 tax of $11,850 reducing to $11,550 in 2010/11.  A $300 saving. ($5.77 pw)
  • $90,000 Gross = 2009/10 tax of $21,650 reducing to $21,250 in 2010/11.  A $400 saving. ($7.69 pw)

The Low Income Tax Offset (LITO) will however bring the net tax payable down for most people.

Australian Tax Rates 2009, 2010, 2011

Australian Tax Office

Weekly Tax Savings compared to 2009-10, according to figures released by the Treasurer:

    Annual Income Weekly Tax cut
    $15,000 $0.00
    $20,000 $2.88
    $25,000 $2.88
    $30,000 $2.88
    $35,000 $2.89
    $40,000 $8.66
    $45,000 $8.66
    $50,000 $8.65
    $55,000 $8.66
    $60,000 $8.65
    $65,000 $7.70
    $70,000 $5.77
    $75,000 $5.77
    $80,000 $5.77
    $85,000 $6.73
    $90,000 $7.70
    $95,000 $8.65
    $100,000 $9.62
    $105,000 $10.58
    $110,000 $11.54
    $115,000 $12.50
    $120,000 $13.46
    $125,000 $14.42
    $130,000 $15.38
    $135,000 $16.35
    $140,000 $17.30
    $145,000 $18.27
    $150,000 $19.23
    $155,000 $20.19
    $160,000 $21.16
    $165,000 $22.12
    $170,000 $23.08
    $175,000 $24.03

The above figures will also include the Low Income Tax Offset amendments.

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3 comments

  1. I C. weener

    yes, what is tax?

    This message posted from from IP: 153.107.97.157 NSW Department of Education and Communities

    I assume this is a school computer ? Junior school ?

  2. Regina Falange

    I like the font that you have on this particular website. I find the information very informative but you don’t have the income for my needs in bed. Those people are getting very expensive so could you input the rates so i know where to get them cheaper. $50 is too expensive.

    This message posted from IP: 153.107.97.161 NSW Department of Education and Communities

    Another Junior school student posting ?

  3. Anita Crap

    im the creater of xxxxxxxxxx and i find this very useful to know how much tax im paying how come my xxxx isnt selling? its xxxxxxxxxx xxxxxxx so contact me at 04xx xxx xxx if youd like some!

    This message posted from IP: 153.107.97.154 NSW Department of Education and Communities

    And yet another school student posting garbage while at school !!

    Time to send these IP addresses and full identifying data to the computer owners, the NSW Department of Education and Communities.

    It is amazing what detail is given, if needed for tracing…
    IP: 153.107.97.154 Sydney
    Latitude: -33.8833
    Longtitude: 151.2167

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