| Taxable Income | Rate | Tax Payable |
|---|---|---|
| $0 – $18,200 | 0% | Nil — tax-free threshold |
| $18,201 – $45,000 | 19% | 19c per $1 over $18,200 |
| $45,001 – $120,000 | 32.5% | $5,092 + 32.5c per $1 over $45,000 |
| $120,001 – $180,000 | 37% | $29,467 + 37c per $1 over $120,000 |
| $180,001 and over | 45% | $51,667 + 45c per $1 over $180,000 |
| Category | Rate | Threshold |
|---|---|---|
| Standard resident | 2.0% | All taxable income |
| Low-income exemption | 0% | Below $26,000 |
| Shade-in zone | 10% of excess | $26,000 – $32,500 |
| Medicare Levy Surcharge | 1.0%–1.5% | Singles above ~$93,000 without private cover |
| Foreign residents | Exempt | No Medicare levy |
| Taxable Income | Rate | Tax Payable |
|---|---|---|
| $0 – $120,000 | 32.5% | 32.5c for each $1 |
| $120,001 – $180,000 | 37% | $39,000 + 37c per $1 over $120,000 |
| $180,001+ | 45% | $61,200 + 45c per $1 over $180,000 |
| Taxable Income | Rate | Tax Payable |
|---|---|---|
| $0 – $45,000 | 15% | 15c for each $1 |
| $45,001 – $120,000 | 32.5% | $6,750 + 32.5c per $1 over $45,000 |
| $120,001 – $180,000 | 37% | $31,125 + 37c per $1 over $120,000 |
| $180,001+ | 45% | $53,325 + 45c per $1 over $180,000 |
| Income Range | Rate | Example Annual Repayment |
|---|---|---|
| Below $56,358 | 0% | Nil |
| $56,358 – $64,938 | 1.0% | ~$564 – $649 |
| $64,939 – $68,442 | 2.0% | ~$1,299 – $1,369 |
| $68,443 – $73,062 | 2.5% | ~$1,711 – $1,827 |
| $73,063 – $83,905 | 3.0–3.5% | ~$2,192 – $2,937 |
| $83,906 – $96,320 | 4.0–4.5% | ~$3,356 – $4,334 |
| $96,321 – $111,619 | 5.0–5.5% | ~$4,816 – $6,139 |
| $111,620 – $138,322 | 6.0–7.0% | ~$6,697 – $9,683 |
| $138,323 – $171,381 | 7.5–9.0% | ~$10,374 – $15,424 |
| $171,382 – $197,046 | 9.0–9.5% | ~$15,424 – $18,719 |
| $197,047 and over | 10.0% | 10% of total income |