Individual Income Tax Rates 2019-20
Individual income tax rates Residents: These rates apply to individuals who are Australian residents for tax purposes Tax rates 2020-21 and 2021/22. Medicare Levy of 2%. Taxable income Tax on this income* 0 – $18,200 Nil $18,201 – $45,000 19c for each $1 over $18,200 $45,001 – $120,000 $5,092 plus 32.5c for each $1 over $45,000 $120,001 – […]