Income Tax Rates 2010-2011 Australia


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Australian Income Tax Rates for the year 2010/2011.

Index: Income Tax Rates in Australia

Taxable income

Tax on this income

$0 ?? $6,000

Nil

$6,001 ?? $37,000


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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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