Individual income tax rates
Residents
These rates apply to individuals who are Australian residents for tax purposes.
Tax rates 2016–17
The following rates for 2015–16 apply from 1 July 2015.
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 $80,000
$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.
Tax rates 2015–16
The following rates for 2015–16 apply from 1 July 2015.
Taxable income
Tax 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 2%
•Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.
Foreign residents
If you are a foreign resident for the full year, the following rates apply.
Tax rates 2015–16
The following rates for 2015–16 apply from 1 July 2015.
Taxable income
Tax on this income
0 – $87,000 32.5c for each $1
$87,001 – $180,000 $28,275 plus 37c for each $1 over $87,000
$180,001 and over $62,685 plus 45c for each $1 over $180,000
Foreign residents are not required to pay the Medicare levy.
The above rates do not include the Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.
Tax rates 2014–15
The following rates for 2014–15 applied from 1 July 2014.
Taxable income
Tax on this income
0 – $80,000 32.5c for each $1
$80,001 – $180,000 $26,000 plus 37c for each $1 over $80,000
$180,001 and over $63,000 plus 45c for each $1 over $180,000
Foreign residents are not required to pay the Medicare levy.
Children
If you are under the age of 18, and receive unearned income (for example, investment income), special rates apply.