Income Tax Rates

These income tax rates show the amount of tax payable in every dollar for each income tax bracket depending on your circumstances.

Rates are for Australian Residents and applicable for the 2021/22 Financial Year

Taxable Income Tax on this Income
$0 to $18,200 Nil
$18,201 – $45,000 19 cents for each $1 over $18,200
$45,001 – $120,000 $5,092 plus 32.5 cents for each $1 over $45,000
$120,001 – $180,000 $29,467 plus 37 cents for each $1 over $120,000
$180,001 and above $51,667 plus 45 cents for each $1 over $180,000

The rates above do not include the Medicare levy of 2%.

There are various calculators available online to determine your net income or tax position. A simple example is the Pay Calculator and Income Tax Calculator.

These calculators are to be used as a guide only and its recommended you seek tax advice on your individual situation to determine your tax situation as various offsets or surcharges may apply.