Tax brackets
Personal income tax rates
Taxes cut!
The July 2019 tax cuts mean that most taxpayers will receive a bigger tax offset when they put in their return. The tax brackets below are correct for 2019-20.
Tax brackets 2019-2020
| Taxable income | Tax on this income |
|---|---|
| 0 - $18,200 | Nil |
| $18,201 - $37,000 | 19c for each $1 over $18,200 |
| $37,001 - $90,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $90,001 - $180,000 | $20,797 plus 37c for each $1 over $90,000 |
| $180,001 and over | $54,097 plus 45c for each $1 over $180,000 |
Tax brackets 2018-2019
| Taxable income | Tax on this income |
|---|---|
| 0 - $18,200 | Nil |
| $18,201 - $37,000 | 19c for each $1 over $18,200 |
| $37,001 - $90,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $90,001 - $180,000 | $20,797 plus 37c for each $1 over $90,000 |
| $180,001 and over | $54,097 plus 45c for each $1 over $180,000 |
These tables do not include the 2% Medicare levy.
You can actually earn up to $20,542 before paying any income tax once the low income tax offset is taken into account.
Tax brackets 2017-2018
| Taxable income | Tax on this income |
|---|---|
| 0 - $18,200 | Nil |
| $18,201 - $37,000 | 19c for each $1 over $18,200 |
| $37,001 - $87,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $87,001 - $180,000 | $19,822 plus 37c for each $1 over $90,000 |
| $180,001 and over | $54,232 plus 45c for each $1 over $180,000 |