Residents
| Taxable Income ($) | Tax Rate |
| Up to 18,200 | 0% |
| 18,201 to 37,000 | 19c for each $1 over $18,200 |
| 37,001 to 80,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| 80,001 to 180,000 | $17,547 plus 37c for each $1 over $80,000 |
| 180,001 and over | $54,547 plus 45c for each $1 over $180,000 |
The above rates do not include the:
Medicare levy of 2%
Temporary Budget Repair Levy; this levy is payable at a
rate of 2% for taxable incomes over $180,000.
Medical Levy
Medicare gives Australian residents access to
health care and is partly funded by taxpayers who
pay a Medicare levy of 2.0% of their taxable income.
The Medicare levy and any reductions are calculated
from information provided in your tax return.
Non Residents
| Taxable Income ($) | Tax Rate |
| 0 to 80,000 | 32.5c for each $1 |
| 80,001 to 180,000 | $26,000 plus 37c for each $1 over $80,000 |
| 180,001 and over | $63,000 plus 45c for each $1 over $180,000 |
Foreign residents are not required to pay the
Medicare levy.
The above rates do not include the Temporary Budget
Repair Levy; this levy is payable at a rate of 2%
for taxable incomes over $180,000.
| Taxable Income ($) | Tax Rate |
| Up to 18,200 | 0% |
| 18,201 to 37,000 | 19c for each $1 over $18,200 |
| 37,001 to 80,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| 80,001 to 180,000 | $17,547 plus 37c for each $1 over $80,000 |
| 180,001 and over | $54,547 plus 45c for each $1 over $180,000 |
The above rates do not include the:
Medicare levy of 2%
Temporary Budget Repair Levy; this levy is payable
at a rate of 2% for taxable incomes over $180,000.
Medical Levy
Medicare gives Australian residents access to
health care and is partly funded by taxpayers who
pay a Medicare levy of 2.0% of their taxable income.
The Medicare levy and any reductions are calculated
from information provided in your tax return.
Non Residents
| Taxable Income ($) | Tax Rate |
| 0 to 80,000 | 32.5c for each $1 |
| 80,001 to 180,000 | $26,000 plus 37c for each $1 over $80,000 |
| 180,001 and over | $63,000 plus 45c for each $1 over $180,000 |
Foreign residents are not required to pay the
Medicare levy.
Children
If you are under the age of 18, and receive unearned
income (for example, investment income), special
rates apply.
Australia Income Tax Rate for Australian Resident Individual Tax Payers
The tax Rate is effective from July 1 2014
| Taxable Income ($) | Tax Rate |
| Up to 18,200 | 0% |
| 18,201 to 37,000 | 19c for each $1 over $18,200 |
| 37,001 to 80,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| 80,001 to 180,000 | $17,547 plus 37c for each $1 over $80,000 |
| 180,001 and over | $54,547 plus 45c for each $1 over $180,000 |
The above rates do not include the Temporary Budget Repair Levy. The Temporary Budget Repair Levy is payable at a rate of 2% for taxable incomes over $180,000.
Medicare levy
Medicare is the scheme that gives Australian residents access to
health care. To help fund the scheme, most taxpayers pay a
Medicare levy of 2.0% of their taxable income.
From 1 July 2014 the Medicare levy rose from 1.5% to 2.0%
Further information
The department will work out your Medicare levy, including
any Medicare levy reduction, from the information you provide on
your tax return.
If you want to work out your Medicare levy, you can use the
Medicare levy calculator.
Reduction for people on low incomes
Your Medicare levy is reduced if your income is below a certain
threshold and in some cases you may not have to pay the levy at
all. The thresholds are higher for seniors. If your income is
above the thresholds, you may still qualify for a reduction
based on your family taxable income.
Medicare levy exemption
You may be exempt from paying the Medicare levy if you?re a
foreign resident, a resident of Norfolk Island, not entitled to
Medicare benefits, or you meet certain medical requirements. If
you?re entitled to an exemption you need to tell us on your tax
return.
Medicare levy surcharge
You have to pay the Medicare levy surcharge (MLS) if your income
for Medicare levy surcharge purposes is above a certain
threshold and you (or any of your dependants) don?t have
appropriate private patient hospital cover. The surcharge is in
addition to the Medicare levy.
Corporate Tax (Company Tax) Rates in Australia
Corporate Tax Rate in Australia is 30%