Below is the tax rates for 2020-21 that apply from 1 July 2020:
Please note, ATO tax rates below do not include the Medicare levy which has increased from 1.5% to 2% from 1 July 2014.
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 |
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