Key tax and superannuation thresholds
Resident marginal tax rates
Section: 3.1
The general rates of tax applicable to resident individual taxpayers for 2018-19 are as follows:
|
Taxable income ($) |
Tax on column 1 ($) |
% on excess (marginal rate) |
| 18,200 | Nil | 19 |
| 37,000 | 3,572 | 32.5 |
| 87,000 | 20,797 | 37 |
| 180,000 | 54,097 | 45 |
Further changes to the income tax rate thresholds to reduce the income tax for individuals will take effect from the 2022-23 year.
Last modified: Tuesday, April 30, 2019