Please note that different tables apply depending upon whether you are considered a resident for tax purposes. The tables below relate to the financial year ending 30 June 2009.
Resident Individuals
The following table of rates apply to resident individual tax payers for the 2008-09 financial year.
|
Taxable Income $
|
Tax Payable
|
| 0 – 6,000 | Nil |
| 6,001 – 34,000 | 15% of excess over $6,000 |
| 34,001 – 80,000 | $4,200 plus 30% of excess over $34,000 |
| 80,001 – 180,000 | $18,000 plus 40% of excess over $80,000 |
| 180,001+ | $58,000 plus 45% of excess over $180,000 |
* Please note that the above table does not include the Medicare Levy of 1.5%.
** The tax-free threshold may be higher for people eligible for the low income tax offset, the Senior
Australians Tax Offset and/or other rebates.
Non-resident Individuals
The following rates apply to individuals who are not residents of Australia for tax purposes for the entire income year:
|
Taxable Income $
|
Tax Payable
|
| 0 – 34,000 | 29% of the entire amount |
| 34,001 – 80,000 | $9,860 plus 30% of excess over $34,000 |
| 80,001 – 180,000 | $23,660 plus 40% of excess over $80,000 |
| 180,001+ | $63,660 plus 45% of excess over $180,000 |
* Medicare levy is not payable by non-residents.
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
Christie has written 811 awesome articles for us at Alan Lewis Accountants – BLOG
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Thanks, I enjoyed reading your post. It?s nice to see someone writing something worth reading. Take care.
- Jack
I`m also bloging about personal budget and the information provided by you is interesting.
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