Individual income tax rates
Residents
These rates apply to individuals who:
- are residents of Australia for tax purposes for the whole financial year (see Residency - overview for more information), 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 notinclude the Medicare levy of 1.5% (read
What is the Medicare levy? for more information).
Tax offsets reduce the tax payable. Tax offsets based on taxable income levels apply to a range of circumstances. For more information read
About tax offsets.
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.