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Tax rates and tables

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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 and 2012-13.  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.

Individual income tax rates and thresholds are set out below.  Note: These rates do not include the Medicare levy.

General individual income tax rates for residents

2011-12 tax threshold from July 1, 2011

Taxable income

Rate (%)

Calculate as

$0 - $6,000

0

Nil tax payable

$6,001 - $37,000

15

15c for each $1 over $6,000

$37,001 - $80,000

30

$4,650 plus 30c for each $1 over $37,000

$80,001 - $180,000

37

$17,550 plus 37c for each $1 over $80,000

$180,001 and above

45

$54,550 plus 45c for each $1 over $180,000

2012-13 tax threshold from July 1, 2012

$0 - $18,200

0

Nil tax payable

$18,201 - $37,000

19

15c for each $1 over $18,200

$37,001 - $80,000

32.5

$4,650 plus 32.5c for each $1 over $37,000

$80,001 - $180,000

37

$17,550 plus 37c for each $1 over $80,000

$180,001 and above

45

$54,550 plus 45c for each $1 over $180,000

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2011-12 and 2012-13 resident minors' tax rate on eligible income*

Taxable income

Rate (%)

Up to $416

Nil

$417 to $1,307

66% for the part over $416

$1,308 and over

45% on the entire amount

From 1 July 2011, the ability of minors to access the LITO on their 'unearned income' is removed. The 'unearned income' of minors who are orphans or disabled, as well as compensation payments and inheritances received by minors will not be affected by this measure.

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General individual income tax rates for non-residents

2011-12 tax threshold from July 1, 2011

Taxable income

Rate (%)

Calculate as

$0 - $37,000

29

29c for each $1

$37,001 - $80,000

30

$10,730 plus 30c for each $1 over $37,000

$80,001 - $180,000

37

$23,630 plus 37c for each $1 over $80,000

$180,001 and above

45

$60,630 plus 45c for each $1 over $180,000

2012-12 tax threshold from July 1, 2012

$0 - $80,000

32.5

32.5c for each $1

$80,001 - $180,000

37

$26,000 plus 37c for each $1 over $80,000

$180,001 and above

45

$63,000 plus 45c for each $1 over $180,000

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2011-12 and 2012-13 non-resident minors' tax rate on eligible income

Taxable income ($)

Rate (%)

Up to $416

29% on the entire amount

$417 to $732

$120.64 plus 66% on the part over $416

$733 and over

45% on the entire amount

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A simple tax calculator is available to help you calculate the tax on your taxable income. The comprehensive tax calculator also takes into account Medicare levy, HECS/ SFSS repayments, tax offsets and tax credits to give you an estimate of the amount of your tax refund or debt.

Tax deducted from your employment pay

If you want to know how much your employer (or other payer) is required to withhold from payments to you, use the tax withheld calculator.

Income of minors

A minor is a person who is under 18 years of age. Special rules apply to the income of minors. Under these rules, certain types of income received by minors may be taxed at higher rates.

Last reviewed 3/08/2012

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