Individual Income Tax Rate


Vision Direct

ai1

The individual income tax rates for the current year 2009-2010 year are:

Taxable income

Tax on this income

$0 ?? $6,000

Nil

$6,001 ?? $35,000


These Adverts help to pay for this site - ai10.


15c for each $1 over $6,000

$35,001 ?? $80,000

$4,350 plus 30c for each $1 over $34,000

$80,001 ?? $180,000

$17,850 plus 38c for each $1 over $80,000

Over $180,000

$55,850 plus 45c for each $1 over $180,000

* Low income earners under $15,000 will pay no tax, due to the Low Income Tax Offset.

The above rates DO NOT include the 1.5% Medicare levy

Examples of Salary and Deductions are:

Gross Tax Medicare Net % Deducted
$30,000.00 $3,600.00 $450.00 $25,950.00 13.50%
$40,000.00 $5,850.00 $600.00 $33,550.00 16.13%
$50,000.00 $8,850.00 $750.00 $40,400.00 19.20%
$60,000.00 $11,850.00 $900.00 $47,250.00 21.25%
$70,000.00 $14,850.00 $1,050.00 $54,100.00 22.71%
$80,000.00 $17,850.00 $1,200.00 $60,950.00 23.81%
$90,000.00 $21,650.00 $1,350.00 $67,000.00 25.56%
$100,000.00 $25,450.00 $1,500.00 $73,050.00 26.95%
$110,000.00 $29,250.00 $1,650.00 $79,100.00 28.09%
$120,000.00 $33,050.00 $1,800.00 $85,150.00 29.04%
$130,000.00 $36,850.00 $1,950.00 $91,200.00 29.85%
$140,000.00 $40,650.00 $2,100.00 $97,250.00 30.54%
$150,000.00 $44,450.00 $2,250.00 $103,300.00 31.13%
$160,000.00 $48,250.00 $2,400.00 $109,350.00 31.66%
$170,000.00 $52,050.00 $2,550.00 $115,400.00 32.12%
$180,000.00 $55,850.00 $2,700.00 $121,450.00 32.53%
$190,000.00 $60,350.00 $2,850.00 $126,800.00 33.26%
$200,000.00 $64,850.00 $3,000.00 $132,150.00 33.93%
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