Income Tax Rates

 

Tax rates 2016–17 for Residents

The following rates for 2016–17 apply from 1 July 2016.

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.

See also:

Tax rates 2015–16 for Residents

These rates apply to individuals who are Australian residents for tax purposes.

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.

See also:

Tax Rates for 2014-2015

Table 1 : Resident Tax Rates 2014-15

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

Table 2: Non-resident Tax Rates 2014-15

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

For previous years (2013-14 and earlier), click here

Tax Rates for current tax year (2015-16) for residents

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.

Tax Calculators

Simple Tax calculator: A simple tax calculator available on the ATO website

Comprehensive Tax Calculator:Takes into account Medicare levy, higher education loan scheme repayments, tax offsets and tax credits to give you an estimate of the amount of your tax refund or debt.

Tax Withheld Calculator: If you want to know how much your employer (or other payer) is required to withhold from payments to you

Early Tax Refund Application

If you are leaving Australia before the end of the income year (30 June), the ATO allows you to lodge your tax return early if you meet certain eligibility criteria such as:
If you are either:

  • a foreign resident for tax purposes and you
    • are leaving Australia permanently
    • will no longer derive Australian-sourced income (other than interest, dividend and royalty income).
  • an Australian resident for tax purposes and you
    • are leaving Australia
    • are ceasing to be an Australian resident for tax purposes
    • will no longer derive Australian-sourced income (other than interest, dividend and royalty income).

For more information on lodging your tax early including how to lodge one, please visit the ATO website