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Tax Rates
Dates Documents Tax Rates Links Tax 2008

 

Individual income tax rates

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.

Tax rates 2006-07

 

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
 

Tax rates 2007-08

 

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.

Non-residents

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

Tax rates 2006-07

 

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
 

Tax rates 2007-08

 

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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