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 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
These rates are the same as the 2010-11 rates, as no changes have been announced.
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