Tax Rates

2016-2017 Tax Rates

Below is the tax rates for 2016-17 that apply from 1 July 2016:

Please note, ATO tax rates below do not include the Medicare levy which has increased from 1.5% to 2% from 1 July 2014. The rates also reflect 2016 Federal Budget proposal (awaiting parliamentary approval) to expand the 32.5 cent band from $80,000 to $87,000.

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 $87,000
$180,001 and over $54,232 plus 45c for each $1 over $180,000

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