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Current Rates |
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Individual Income Tax rates 2011-12
The following rates for 2011-12 apply from 1 July 2011. This information has been taken directly from the ATO website.
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Taxable income
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Tax on this income
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0 - $6,000
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Nil
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$6,001 - $37,000
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15c for each $1 over $6,000
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$37,001 - $80,000
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$4,650 plus 30c for each $1 over $37,000
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$80,001 - $180,000
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$17,550 plus 37c for each $1 over $80,000
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$180,001 and over
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$54,550 plus 45c for each $1 over $180,000
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The above rates do not include the Medicare levy of 1.5%
The above rates do not include the Flood levy.
For Businesses
Our experienced accountants can also provide you with inforamtion on Fuel Tax Credits, Fringe Benefits Tax, PAYG Withholding, Captial Gains Tax and more.
For more information on the current tax rates for individuals or businesses, medicare levy or flood levy, please call or email us today.
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| ATO BENCHMARK UPDATE |
more > |
The ATO has updated its benchmarks with data from the 2009 financial year. How does this affect your business? |
| TRUST TAXATION |
more > |
Tax Law has changed to address a number of issues in regards to the taxation of Trusts. Find out if this affects your Trust. |
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