is a quick reference for Australian income tax rates and related information

Popular topics and quick links

Budget 2019
Includes changes to the personal income tax scale, including an increase in the Low and Middle Income Tax Offset for 2018-19. The free spreadsheet calculator for 2018-19 has been updated.

Super contributions 2017-18 and 2018-19.
Substantial changes in the superannuation concessions and limits apply from 1 July 2017 and through subsequent years.

Depreciation categories, rates and calculations.

FBT exemptions and concessions
A checklist of items which are fringe benefits tax exempt or reduced.

tax rates 2018-19
The personal tax rates for the 2018-19 year are slightly lower than the previous year because of an expansion of the 32.5% band and introduction of a new low income tax offset,

tax instalment tables 2018-19
For tax instalment rates and information applying from 1 July 2018.

tax rates 2017-18
The personal tax rates for the 2017-18 year basically remain unchanged, except that the temporary levy on high income earners falls away from 1 July 2017.

tax tables 2018-19
Tax instalment tables applying from 1 July 2018.

group certificates
The information from payment summaries (also referred to as group certificates) is needed for tax return preparation. If the info is not available on time, what are the options?

tax free threshold
The nominal tax free income amount is lifted for most low income taxpayers to an effective level which is significantly higher.

reasonable travel allowance rates
The ATO set out what are “reasonable” expense claims for overtime meals, domestic travel, employee truck drivers and overseas travel. These schedules are revised annually.

‘low income tax offset’ or ‘LITO’
The Low Income Tax Offset is a reduction of tax for lower income earners. The LITO and the tax free threshold combine to ensure that the lowest income earners don’t pay any tax.

mature age worker
As proposed in the 2014 Federal Budget, the mature age worker tax offset (MAWTO) is no longer available with effect from 1 July 2014. The Seniors and Pensioners Tax Offset has separate eligibility requirements.

additional tax for hecs debt
The student Higher Education Loan Program repayments are recovered by the Tax Office at a percentage rate in your tax assessment, based on your annual income. The repayment rates are adjusted each year.

medicare levy and surcharge
For tax residents of Australia, the medicare levy is added to your tax bill once your income reaches a certain level. The surcharge adds even more if you don’t have basic hospital insurance for yourself and dependents.

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This page was last modified 2019-04-03