Resident tax rates 2024-2025
|
Taxable income |
Rate |
Tax on this income |
|
0 – $18,200 |
0% |
Nil |
|
$18,201 – $45,000 |
16% |
16c for each $1 over $18,200 |
|
$45,001 – $135,000 |
30% |
$4,288 plus 30c for each $1 over $45,000 |
|
$135,001 – $190,000 |
37% |
$31,288 plus 37c for each $1 over $135,000 |
|
$190,001 and over |
45% |
$51,638 plus 45c for each $1 over $190,000 |
The above rates do not include the Medicare levy of 2%.
Foreign Resident tax rates 2024-2025
|
Taxable income |
Rate |
Tax on this income |
|
0 – $135,000 |
30% |
30c for each $1 |
|
$135,001 – $190,000 |
37% |
$40,500 plus 37c for each $1 over $135,000 |
|
$190,001 and over |
45% |
$60,850 plus 45c for each $1 over $190,000 |
Source: ATO