| 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 |
| $180,000 and over |
$55,850 plus 45c for each $1 over $180,000 |
|
The above rates do not include the Medicare levy of 1.5%
| Description |
Maximum Offset $ |
| Medical Expenses |
20% of excess over $1,500 |
|
| Engine capacity |
Cents per kilometre |
Ordinary car |
Rotary engine car |
2008-09 income year |
1600cc (1.6 litre)
or less |
800cc (0.8 litre)
or less |
63 cents |
1601cc - 2600cc
(1.601 litre - 2.6 litre) |
801cc - 1300cc
(0.801 litre - 1.3 litre) |
74 cents |
| 2601cc (2.601 litre) and over |
1301cc (1.301 litre) and over |
75 cents |
|
Work out the amount you can claim for each car and add up all the amounts.
| Residential Individuals - 2011 / 2012 |
| Taxable Income $ |
Tax Payable |
| 0 – 6,000 |
Nil |
| 6,001 – 37,000 |
15% of excess over $6,000 |
| 37,001 – 50,000 |
$4,650 + 30% of excess over $37,000 |
| 50,001 – 80,000 |
$8,550 + 30.5% of
excess over $50,000 |
| 80,001 – 100,000 |
$17,700 + 37.5% of
excess over $80,000 |
| 100,001 – 180,000 |
$25,200 + 38% of excess over $100,000 |
| 180,001+ |
$55,600 + 46% of
excess over $180,000 |
|
| Non - Resident Individuals - 2011 / 2012 |
| Taxable Income $ |
Tax Payable |
| 0 – 37,000 |
29% of the entire amount |
| 37,001 – 50,000 |
$10,730 + 30% of excess over $37,000 |
| 50,001 – 80,000 |
$14,630 + 30.5% of excess over $50,000 |
| 80,001 – 100,000 |
$23,780 + 37.5% of excess over $80,000 |
| 100,001 – 180,000 |
$31,280 + 38% of excess over $100,00 |
| 180,001+ |
$61,680 + 46% of excess over $180,000 |
|
| Engine Capacity |
Rate Per Kilometre |
| 0-2,500cc |
46 cents |
| Over 2,500cc |
55 cents |
| Motorcycles |
14 cents |
|
|
| Taxable income |
Tax on this income |
| $1 – $6,000 |
Nil |
| $6,001 – $37,000 |
15c for each $1 over $6,000 |
| $37,001 – $80,000 |
$4,650 plus 30c 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 |
|
The above rates do not include the Medicare levy of 1.5%
| SFSS repayment thresholds & rates |
Repayment income (RI*) thresholds |
Repayment rate |
| Below $41,595 |
Nil |
| $41,595–$51,070 |
2% of RI |
| $51,071–$72,492 |
3% of RI |
| $72,493 and above |
4% of RI |
|
| HELP repayment income (HRI*) |
Repayment rate |
| Below $44.912 |
Nil |
| $44,912 - $50,028 |
4% of HRI |
| $50,029 - $55,143 |
4.5% of HRI |
| $55,144 - $58,041 |
5% of HRI |
| $58,042 - $62,390 |
5.5% of HRI |
| $62,391 - $67,570 |
6% of HRI |
| $67,571 - $71,126 |
6.5% of HRI |
| $71,127 - $78,273 |
7% of HRI |
| $78,274 - $83,407 |
7.5% of HRI |
| $83,408 and above |
8% |
|
*RI= Taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign employment income.
| Repayment income |
Percentage |
| Up to $47,195 |
Nil |
| $47,196 - $52,572 |
4.0% |
| $52,573 - $57,947 |
4.5% |
| $57,948 - $60,993 |
5.0% |
| $60,994 - $65,563 |
5.5% |
| $65,564 - $71,006 |
6.0% |
| $71,007 - $74,743 |
6.5% |
| $74,744 - $82,253 |
7.0% |
| $82,254 - $87,649 |
7.5% |
| $87,650+ |
8.0% |
|
|
|
