Tax Rate 2020-21
These rates apply to individuals who are Australian residents for tax purposes.
The below rates :
Do not include the Medicare levy
|TAXABLE INCOME||TAX ON THIS INCOME|
|0 – $18,200||NIL|
|$18,201 – $45,000||19 cents for each $1 over $18,200|
|$45,001 – $120,000||$5,092 plus 32.5 cents for each $1 over $45,000|
|$120,001 – $180,000||$29,467 plus 37 cents for each $1 over $120,000|
|$180,001 and over||$54,097 plus 45c for each $1 over $180,000|
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