Residents Tax Rates

For financial year ended 30 June 2019 (i.e. 1 July 2018 to 30 June 2019)*

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 $90,000	$3,572 plus 32.5 cents for each $1 over $37,000
$90,001 to $180,000	$20,797 plus 37 cents for each $1 over $90,000
$180,001 and over	$54,097 plus 45 cents for each $1 over $180,000

* The above rates exclude the Medicare levy of 2% which residents are required to pay.

For financial year ended 30 June 2020 (i.e. 1 July 2019 to 30 June 2020)*

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 $90,000	$3,572 plus 32.5 cents for each $1 over $37,000
$90,001 to $180,000	$20,797 plus 37 cents for each $1 over $90,000
$180,001 and over	$54,097 plus 45 cents for each $1 over $180,000

* The above rates exclude the Medicare levy of 2% which residents are required to pay. 

For financial year ended 30 June 2021 (i.e. 1 July 2020 to 30 June 2021)*

Taxable income	Tax on this income
0 to $18,200	Nil
$18,201 to $45,000	19 cents for each $1 over $18,200
$45,001 to $120,000	$5,092 plus 32.5 cents for each $1 over $45,000
$120,001 to $180,000	$29,467 plus 37 cents for each $1 over $120,000
$180,001 and over	$51,667 plus 45 cents for each $1 over $180,000

* The above rates exclude the Medicare levy of 2% which residents are required to pay.   

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19 Nov 2020 © AscendPoint 2020

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