Individual Tax Rates 2012 & 2013

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    Residents

    These rates apply to individuals who are Australian residents for tax.

    Tax rates 2012-13

    The following rates for 2012-13 apply from 1 July 2012.

    TAX RATES 2012-13
    Taxable incomeTax on this income
    0 - $18,200Nil
    $18,201 - $37,00019c 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 1.5.

     

    Tax rates 2011-12

    The following rates for 2011-12 apply from 1 July 2011.

    TAX RATES 2011-12
    Taxable incomeTax on this income
    0 - $6,000Nil
    $6,001 - $37,00015c for each $1 over $6,000
    $37,001 - $80,000$4,650 plus 30c for each $1 over $37,000
    $80,001 - $180,000$17,550 plus 37c for each $1 over $80,000
    $180,001 and over$54,550 plus 45c for each $1 over $180,000

    The above rates do not include the Medicare levy of 1.5.

    The above rates do not include the Flood.

     

    Foreign residents

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

    Tax rates 2012-13

    The following rates for 2012-13 apply from 1 July 2012.

    TAX RATES 2012-13
    Taxable incomeTax on this income
    0 - $80,00032.5c 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.

     

    Tax rates 2011-12

    The following rates for 2011-12 apply from 1 July 2011.

    TAX RATES 2011-12
    Taxable incomeTax on this income
    0 - $37,00029c for each $1
    $37,001 - $80,000$10,730 plus 30c for each $1 over $37,000
    $80,001 - $180,000$23,630 plus 37c for each $1 over $80,000
    $180,001 and over$60,630 plus 45c for each $1 over $180,000

    The above rates do not include the Flood levy (see Flood levy information for individuals for more information).

    Foreign residents are not required to pay the Medicare levy.

     

    For more information contact Hillyer Riches, professionals with tax 

    Check out this post about Corona Virus ATO Updates in Australia.

     

     

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