Income Tax

TAX RATES 2016-17

Australian residents are required to pay tax; the Australian Taxation Office has clearly outlined tax rates: https://www.ato.gov.au/

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 $37,000
$80,001 – $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

For salaried individuals, tax is deducted directly from their pay.