2010 Tax Rates

Residents: 
These 2010 tax rates apply to individuals who are residents of Australia for tax purposes.


The following rates for 2009-10 apply from 1 July 2009.
Tax rates 2009-10
Taxable income Tax on this income
$1 – $6,000 Nil
$6,001 – $35,000 15c for each $1 over $6,000
$35,001 – $80,000 $4,350 plus 30c for each $1 over $35,000
$80,001 – $180,000 $17,850 plus 38c for each $1 over $80,000
$180,001 and over $55,850 plus 45c for each $1 over $180,000
 
For 2009-10, the upper threshold for the Low Income Tax Ofset will increase from $60,000 to $63,750, and from 1 July 2010, to $67,500. The maximum Low Income Tax Offset is $1,350 for the 2009/10 year, up from $1200 for 2009.

The following table is an indication of tax savings over the 2008-09 year:
Gross Income
2008/09 tax
2009/10 tax
Saving
$20,000
$900
$750
$150
$40,000
$5,200
$4,900
$300
$60,000
$12,000
$11,700
$300
$80,000
418,000
$17,850
$150
$100,000
$26,000
$25,450
$550
$120,000
$34,000
$33,050
$950
$140,000
$42,000
$40,650
$1,350
$160,000
$50,000
$48,250
$1,750
$180,000
$58,000
$55,850
$2,150
$200,000
$67,000
$64,850
$2,150

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