Other Australian Tax Rates and HECS Repayment rates

/Other Australian Tax Rates and HECS Repayment rates
Other Australian Tax Rates and HECS Repayment rates2018-11-07T08:25:18+00:00

Other Australian Tax Rates and HECS Repayment rates

TAX RATES FOR NON-RESIDENT ADULT INDIVIDUALS

2018 – 2019

Annual Taxable
Income
$

Tax on
Income
$

Tax rate on
Excess Above
Lower Threshold

0 to 90,000 0 plus 32.5%
90,001 to 180,000 29,250 plus 37%
180,001 plus 62,550 plus 47%

TAX RATES FOR NON-RESIDENT ADULT INDIVIDUALS

2017 – 2018

Annual Taxable
Income
$

Tax on
Income
$

Tax rate on
Excess Above
Lower Threshold

0 to 87,000 0 plus 32.5%
87,001 to 180,000 28,275 plus 37%
180,001 plus 62,685 plus 47%

TAX RATES FOR NON-RESIDENT ADULT INDIVIDUALS

2015 – 2017

Annual Taxable
Income
$

Tax on
Income
$

Tax rate on
Excess Above
Lower Threshold

0 to 80,000 0 plus 32.5%
80,001 to 180,000 26,000 plus 37%
180,001 plus 63,000 plus 47%

TAX RATES FOR INCOME OF MINORS

2015-2016

Other Income

        $

Tax
Rates

Nil to 416 Nil
417 – 1,307 Nil + 66% of the excess over $416
Over 1,307 47% of the total amount of income that is not excepted income

TAX RATES FOR DECEASED ESTATES

Less Than 3 years since death – same as  resident individual

TAX RATES FOR RESIDENT ADULTS FOR 2019 YEAR

2016-2017

Annual Taxable Income Tax on Income Tax rate on Excess Medicare Levy Total tax rate Payable
0 to $18,200 0 Plus 0% 0% 0%
$18,201 to $37,000 0 Plus 19% 2% 21%
0 to $18,200 0 Plus 0% 0% 0%
$18,201 to $37,000 0 Plus 19% 2% 21%
$37,001 to $90,000 $3,572 Plus 32.5% 2% 34.5%
$90,001 to $180,000 $20,797 Plus 37% 2% 39%
$180,000 and above $54,097 Plus 45% 2% 47%

HECA REPAYMENT THRESHOLDS

HELP Repayment Income

              (HRI *) $

Repayment
Rate

Below 54,869 Nil
54,869 – 61,119 4.0%
61,120 – 67,368 4.5%
67,369 – 70,909 5.0%
70,910 – 76,222 5.5%
76,223 – 82,550 6.0%
82,551 – 86,894 6.5%
86,895 – 95,626 7.0%
95,627 – 101,899 7.5%
101,900 and above 8.0%

* HRI equals a person’s taxable income plus total net investment losses, total reportable fringe benefits, total reportable superannuation contributions and exempt foreign employment income.


Australian Tax Rates for Resident Adults