Partners for life
Personal income tax rates for Australian residents (2018-2019)
There were some changes to personal income tax rates and thresholds in the 2018-2019 Federal Budget compared to 2017-2018.
Notably, the old $87,000 tax threshold has been increased to $90,000; while the amount of tax on incomes for the highest two brackets have changed slightly. See the personal income tax rate tables below.
|Taxable income||Tax on this income|
|0 – $18,200||Nil|
|$18,201 – $37,000||19c 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|
|$180,001 and over||$54,097 plus 45c for each $1 over $180,000|
Note: This table does not include the Medicare Levy (currently 2%) or the effect of any Low Income Tax Offset (LITO). The rates apply to Australian resident individual tax payers only. Different rates apply to foreign/non-resident individuals, including Working Holiday Makers.
For comparison, here’s the Personal Income Tax Rates Table from 2017-2018:
|Tax Table||Tax on this Income (New Rates)|
|0 to $18,200||Nil|
|$18,201 to $37,000||19c for each $1 over $18,200|
|$37,001 to $87,000||$3,572 plus 32.5c for each $1 over $37,000|
|$87,001 to $180,000||$19,822 plus 37c for each $1 over $87,000|
|$180,001 and over||$54,232 plus 45c for each $1 over $180,000|
Check your tax with our handy online income tax calculator.
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