Individual Tax Rates 2015

Individual Tax Rates 2015

Resident Rates

Tax rates 2015–16

The following rates for 2015–16 apply from 1 July 2015.
Taxable income Tax on this income
0 – $18,200 Nil
$18,201 – $37,000 19c for each $1 over $18,200
$37,001 – $80,000 $3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000 $17,547 plus 37c for each $1 over $80,000
$180,001 and over $54,547 plus 45c for each $1 over $180,000

The above rates do not include the:

  • Medicare levy of 2%
  • Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.

Foreign residents

If you are a foreign resident for the full year, the following rates apply.

Tax rates 2015–16

The following rates for 2015–16 apply from 1 July 2015.
Taxable income Tax on this income
0 – $80,000 32.5c for each $1
$80,001 – $180,000 $26,000 plus 37c for each $1 over $80,000
$180,001 and over $63,000 plus 45c for each $1 over $180,000

Foreign residents are not required to pay the Medicare levy.

The above rates do not include the Temporary Budget Repair Levy; this levy is payable at a rate of 2% for taxable incomes over $180,000.

Or you can use the calculator provided by the ATO:- https://www.ato.gov.au/Calculators-and-tools/Tax-withheld-calculator/

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