tools and resources

An investment in knowledge pays the best interest. –Benjamin Franklin

Tools and Resources

 

Tax rates 2016–17

The following rates for 2016–17 apply from 1 July 2016.

Taxable income

Tax on this income

0 – $18,200

Nil

$18,201 – $37,000

19c for each $1 over $18,200

$37,001 – $80,000

$3,572 plus 32.5c for each $1 over $37,000

$80,001 – $180,000

$17,547 plus 37c for each $1 over $80,000

$180,001 and over

$54,547 plus 45c for each $1 over $180,000

The above rates do not include the:

  • Medicare levy of 2%
  • Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.
  • Fair Work Ombudsman Pay rates

     
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