Income Tax Slabs
Residents
These rates apply to individuals who are
Australian residents for tax purposes.
2023–24
Resident tax rates 2023–24
| 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 – $180,000 |
$29,467 plus 37c for each $1 over $120,000 |
| $180,001 and over |
$51,667 plus 45c for each $1 over $180,000 |
The above rates
do not include the
Medicare levy of 2%.
2022–23
Resident tax rates 2022–23
| 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 – $180,000 |
$29,467 plus 37c for each $1 over $120,000 |
| $180,001 and over |
$51,667 plus 45c for each $1 over $180,000 |
The above rates
do not include the
Medicare levy of 2%.
Foreign residents
These rates apply to individuals who are foreign residents for tax purposes.
2023–24
Foreign resident tax rates 2023–24
| Taxable income |
Tax on this income |
| 0 – $120,000 |
32.5c for each $1 |
| $120,001 – $180,000 |
$39,000 plus 37c for each $1 over $120,000 |
| $180,001 and over |
$61,200 plus 45c for each $1 over $180,000 |
2022–23
Foreign resident tax rates 2022–23
| Taxable income |
Tax on this income |
| 0 – $120,000 |
32.5c for each $1 |
| $120,001 – $180,000 |
$39,000 plus 37c for each $1 over $120,000 |
| $180,001 and over |
$61,200 plus 45c for each $1 over $180,000 |
Children
If you are
under the age of 18, and receive unearned income (for example, investment income), special rates apply.
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