Australian Information
The Medicare levy is currently 2% of Taxable Income, in addition to Income Tax.
If your taxable income is below a certain threshold, your Medicare Levy may be Reduced or Removed.
If your … Read the rest
A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income.
If the annual income is $37,000 then the tax payable is $3,572. This is 9.65% of Taxable Income.
At an income of $87,000 … Read the rest
A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income.
If the annual income is $37,000 then the tax payable is $3,572. This is 9.65% of Taxable Income.
At an income of $87,000 … Read the rest
A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income.
If the annual income is $37,000 then the tax payable is $3,572. This is 9.65% of Taxable Income.
At an income of $80,000 … Read the rest
As part of the 2014-15 Australian Federal Budget, the Temporary Budget Repair Levy will commence from 1st July 2014 and be in place for three years
This is a levy on high paid earners (over $180,000 per year) only.
The … Read the rest
A resident taxpayer in Australia who earns $18,200 or under, in the year, will pay NO tax on that income.
If the annual income is $37,000 then the tax payable is $3,572. This is 9.65%.
At an income of $80,000 the tax will be $17,547. This … Read the rest
Almost everyone in Australia needs to lodge a tax return every year with the ATO, even those who pay no tax need to advise the ATO of that to avoid being chased for non lodgement of tax returns.
Most Tax returns need … Read the rest
Index: Income Tax Rates in Australia
|
Taxable income |
Tax on this income |
$0 ?? $6,000 |
Nil |
$6,001 ?? $37,000 |
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 |
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 |
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 |
