2015 Tax Rates
Anyone who earns an income needs to pay tax, so it’s important to know exactly how much tax you can expect to pay.
The Australian Tax Office produce a range of tax tables to help you work out how much to withhold from payments you make to your employees or other payees.
* The Federal Budget 2014-15 contained a proposal (now law) for a Temporary Budget Repair Levy of 2% applicable on taxable income in excess $180,000. This in effect increases the highest marginal tax rate from 45% to 47% (before Medicare) and takes effect for three years from July 1, 2014 until June 30, 2017.
Please refer to the ATO’s page for the most current rates:-
Source:- https://www.ato.gov.au/rates/tax-tables/
All of their rates are downloadable in a PDF format.
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The Bottrell group incorporates Bottrell Business Consultants, Bottrell Accounting & Taxation, Maitland Accounting & Taxation, East Maitland Accounting Services and Mobile Bookkeeping & Recruitment.
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