Income Tax Rates

For residents of Australia

Taxed
Complying superannuation fund15%
Non-complying superannuation fund47%
Small Business Entities27.5%
Company30%

For individuals 2018/2019

Taxable incomeTax on this income
$1 – $18,200Nil
$18,201 – $37,00019c 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
Over $180,001$54,097 plus 45c for each $1 over $180,000

The above rates do not include the

  • Medicare levy of 2%