2012 Tax Rates
Nov
15
Written by:
Tuesday, November 15, 2011
The adjusted basic resident tax scale for 2011-2012 is as follows:
|
Taxable income
|
Tax on this income*
|
|
0 - $ 6,000
|
Nil
|
|
$6,001 - $37,000
|
15c for each $1 over $6,000
|
|
$37,001 - $80,000
|
$4,650 plus 30.0c for each $1 over $37,000
|
|
$80,001 - $180,000
|
$17,550 plus 37c for each $1 over $80,000
|
|
$180,001 and over
|
$54,550 plus 45c for each $1 over $180,000
|
*Plus Medicare Levy / Flood Levy as applicable.