Tax Rates 2017

The pay calculator is based on the individual income tax rates available on the Australian Taxation Office (ATO) website. The following is a summary of the information available from the ATO website, however please note that the accuracy of this information cannot be guaranteed and should only be viewed as a guide.

 

Income Tax Rates Individuals

Income tax is determined in progressive rates, meaning you pay tax at a particular rate for that portion of your income. For example, if you earn $50,000 you will pay no tax for the first $18,200, $3,572 for the portion from $18,201 to $37,000 and $4,225 for the portion from $37,001 to $50,000. This equates to a total of $7,797 in total tax payable (excluding other levies and surcharges etc.).

Taxable Income Tax Payable Tax Rate
$0 – $18,200 Nil 0%
$18,201 – $37,000 19c for every $1 over $18,200 19%
$37,001 – $87,000 $3,572 plus 32.5c for each $1 over $37,000 32.5%
$87,001 – $180,000 $17,547 plus 37c for each $1 over $80,000 37%
Greater than $180,000 $54,547 plus 45c for each $1 over $180,000 45%

 

Temporary Budget Repair Levy

This levy of 2% will apply from 1 July 2014 through to the end of the 2016-2017 financial year and applies on the part of a person’s taxable income which exceeds $180,000.

 

Low Income Tax Offset

From 1 July 2016, the full Low Income Tax Offset is $445, declining at a rate of 1% for incomes greater than $37,000. The offset cuts out at $66,667.

 

Medicare Levy

Taxpayers assist in funding Medicare by paying a levy of 2% of their taxable income.

Taxable Income Medicare Levy
$0 – $26,668 Nil
Greater than $26,668 2% of taxable income

 

HELP and TSL Repayments

If you have a HELP debt or Trade Support Loan (TSL), the amount withheld will be as per the following table. Note that the brackets aren’t progressive, meaning if your earnings fall into a particular bracket, the repayment rate will apply to your whole taxable income.

Tax-free threshold claimed or foreign resident
Weekly Earnings Rate
$0 – $1,054.99 0.0%
$1,055.00 – $1,174.99 4.0%
$1,175.00 – $1,294.99 4.5%
$1,295.00 – $1,362.99 5.0%
$1,363.00 – $1,464.99 5.5%
$1,465.00 – $1,586.99 6.0%
$1,587.00 – $1,670.99 6.5%
$1,671.00 – $1,838.99 7.0%
$1,839.00 – $1,958.99 7.5%
Greater than $1,958.99 8.0%

 

No tax-free threshold claimed
Weekly Earnings Rate
$0 – $704.99 0.0%
$705.00 – $824.99 4.0%
$825.00 – $944.99 4.5%
$945.00 – $1,012.99 5.0%
$1,013.00 – $1,114.99 5.5%
$1,115.00 – $1,236.99 6.0%
$1,237.00 – $1,320.99 6.5%
$1,321.00 – $1,488.99 7.0%
$1,489.00 – $1,608.99 7.5%
Greater than $1,608.99 8.0%

 

Student Financial Supplement Scheme Repayments

If you have a Financial Supplement debt, the withholding rates are outlined in the tables below.

SFSS – Tax-free threshold claimed or foreign resident
Weekly Earnings Rate
$0 – $1,054.99 0.0%
$1,055.00 – $1,294.99 2.0%
$1,295.00 – $1,838.99 3.0%
Greater than $1,838.99 4.0%

 

SFSS – No tax-free threshold claimed
Weekly Earnings Rate
$0 – $704.99 0.0%
$705.00 – $944.99 2.0%
$945.00 – $1,488.99 3.0%
Greater than $1,488.99 4.0%

 

Income Tax Rates Foreign Resident

If you were a foreign resident for the full year, your income tax rates will be as follows.

Taxable Income Tax Payable Tax Rate
$0 – $87,000 32.5c for each $1 32.5%
$87,001 – $180,000 $28,275 plus 37c for each $1 over $80,000 37%
Greater than $180,000 $62,685 plus 45c for each $1 over $180,000 45%