Income Tax Rates 2012-2013 Australia



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Income Tax in Australia 2012 – 2013.

Special rules apply to income earned by people under 18 years old and, in some cases, some of their income may be taxed at a higher rate than an adult.

The Tax Free Threshold rose from $6,000 to $18,200 this year.

2012-2013 Tax Rates for Earners classed as Tax-Resident.

Taxable income Tax on this income
0 to $18,200 Nil
$18,201 to $37,000 19 cents for each $1 over $18,200
$37,001 to $80,000 $3,572 plus 32.5 cents for each $1 over $37,000
$80,001 to $180,000 $17,547 plus 37 cents for each $1 over $120,000
$180,001 and over $54,547 plus 45 cents for each $1 over $180,000

Source: Australian Taxation Office

The above rates do not include the Medicare Levy.


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