How much tax should I pay?

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Anyone who earns an income needs to pay tax, so it's important to know exactly how much tax you can expect to pay. The following tables explain the personal income tax rates for 2011-12. Note that a person's income tax liability may vary depending on their circumstances, such as eligibility to reduced tax-free threshold, entitlement to tax offsets, residency, etc.

General individual income tax rates for residents 2012-13
$0 to $18,200		Nil tax payable
$18,201 to $37,000		19c for each $1 over $18,200
$37,001 to $80,000		$3,572 + 32.5c for each $1 over $37,000
$80,001 to $180,000		$17,547 + 37c for each $1 over $80,000
$180,001 and over		$54,547 + 45c for each $1 over $180,000
Resident minors' tax rates on eligible income 2012-13
Up to $416	Nil
$417 to $1,307	66% for the part over $416
$1,308 and over	45% on the entire amount

*General individual income tax rates for non-residents 2012-13**
Up to $80,000	$32.5% for each dollar
$80,001 to $180,000	$26,000 + 37% of the part over $80,000
$180,001 and over	$63,000 + 45% of the part over $180,000
*2012-13 non resident minors' tax rates on eligible income**
Up to $416	29% on the entire amount
$417 to $732	$120.64 + 66% on the part over $416
$733 and over	45% on the entire amount
*Note: Non-residents are not required to pay the Medicare levy

2011-12 Flood Levy
The one-off flood levy (0.5% after $50,000 income, $250 + 1% after $100,000) ended June 30, 2012.

Last reviewed 27/07/2012

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How much tax should I pay?

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