ATO Tax Rates and Thressholds

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The Individual income tax rates for Australia are divided into two sections; Australian residents and non-residents. Below you can find the current Australian tax tables, and the previous financial (fiscal) year.

You should always check the Australian Tax Office website for any changes to the tax tables, or use this .

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   Residents
       2007/2008 Tax Tables
       2006/2007 Tax Tables
   Non-residents
       2007/2008 Tax Tables
       2006/2007 Tax Tables

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Residents

These rates apply to individuals who:

are residents of Australia for tax purposes for the whole financial year, and
did not leave full-time education for the first time during the financial year.

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2007/2008 Tax Tables

Taxable income	Tax on this income
$1 – $6,000	Nil
$6,001 – $30,000	15c for each $1 over $6,000
$30,001 – $75,000	$3,600 plus 30c for each $1 over $30,000
$75,001 – $150,000	$17,100 plus 40c for each $1 over $75,000
$150,001 and over	$47,100 plus 45c for each $1 over $150,000

The above rates do not include the Medicare levy of 1.5%.
Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances.

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2006/2007 Tax Tables

Taxable income	Tax on this income
$0 – $6,000	Nil
$6,001 – $25,000	15c for each $1 over $6,000
$25,001 – $75,000	$2,850 plus 30c for each $1 over $25,000
$75,001 – $150,000	$17,850 plus 40c for each $1 over $75,000
$150,001 and over	$47,850 plus 45c for each $1 over $150,000

The above rates do not include the Medicare levy of 1.5%.
Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances.

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Non-residents

If you are a non-resident for the full year, the following rates apply:

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2007/2008 Tax Tables

Taxable income	Tax on this income
$0 – $30,000	29c for each $1
$30,001 – $75,000	$8,700 plus 30c for each $1 over $30,000
$75,001 – $150,000	$22,200 plus 40c for each $1 over $75,000
$150,001 and over	$52,200 plus 45c for each $1 over $150,000

Non-residents are not required to pay the Medicare levy.

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2006/2007 Tax Tables

Taxable income	Tax on this income
$0 – $25,000	29c for each $1
$25,001 – $75,000	$7,250 plus 30c for each $1 over $25,000
$75,001 – $150,000	$22,250 plus 40c for each $1 over $75,000
$150,001 and over	$52,250 plus 45c for each $1 over $150,000

Non-residents are not required to pay the Medicare levy.

Modified: 10/04/2008 07:54 by admin - Categorized as: Payroll, Payroll Tax