What are the Australian Tax Brackets 2018?
Australian income tax rates for 2018–19 and 2019–20 (residents)
| Income thresholds | Rate | Tax payable from 2018–19 and 2019–20 |
|---|---|---|
| $0 – $18,200 | 0% | Nil |
| $18,201 – $37,000 | 19% | 19c for each $1 over $18,200 |
| $37,001 – $90,000 | 32.5% | $3,572 plus 32.5c for each $1 over $37,000 |
| $90,001 – $180,000 | 37% | $20,797 plus 37c for each $1 over $87,000 |
What is the tax bracket for 2021?
2021 federal income tax brackets
| Tax rate | Taxable income bracket | Tax owed |
|---|---|---|
| 10% | $0 to $14,200 | 10% of taxable income |
| 12% | $14,201 to $54,200 | $1,420 plus 12% of the amount over $14,200 |
| 22% | $54,201 to $86,350 | $6,220 plus 22% of the amount over $54,200 |
| 24% | $86,351 to $164,900 | $13,293 plus 24% of the amount over $86,350 |
What was the tax rate for 2014-2015 in Australia?
Tax Rates for 2014-2015: Australian Residents Medicare Levy increased from 1.5% to 2% (not applicable to low income earners). Budget Repair Levy of 2% introduced on taxable incomes in excess of $180,000. Budget Repair Levy of 2% on taxable incomes in excess of $180,000.
What are the federal tax rates for 2014-15?
Personal Tax Rates 2014-15 Taxable income Tax on this income* 0 – $18,200 Nil $18,201 – $37,000 19c for each $1 over $18,200 $37,001 – $80,000 $3,572 plus 32.5c for each $1 over $37,0 $80,001 – $180,000 $17,547 plus 37c for each $1 over $80,00
When does the 2014-15 tax year start and end?
Additionally in 2014-15, the basic medicare levy percentage rate has been increased by 0.5% (to 2%). The 2014-15 financial year starts on 1 July 2014 and ends on 30 June 2015. The financial year for tax purposes for individuals starts on 1st July and ends on 30 June of the following year.
What is the current tax rate for fringe benefits in Australia?
Fringe benefits tax (FBT) rates and thresholds for employers for the 2017–18 to 2021–22 FBT years. An FBT rate of 47% applies across these years. List of daily, monthly and annual foreign exchange rates. Updated to include monthly rates from the Reserve Bank of Australia for July 2021.