AtoTaxRates.info is a quick reference for ATO income tax rates and related information
Popular topics and quick links
'Super contributions 2017-18'
Substantial changes in the superannuation concessions apply from 1 July 2017. See Super contribution limits 2017-18
Depreciation categories, rates and calculations. See Depreciation
'FBT exemptions and concessions'
A checklist of items which are fringe benefits tax exempt or reduced. See – FBT exemptions
'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. See – 2017-18 tax rates..
'tax tables 2017-18'
Tax instalment tables applying from 1 July 2017 are available. For a full list see – 2017-18 tax tables..
The information from payment summaries (otherwise still known as group certificates) is needed for tax return preparation. If the info is not available on time, what should you do? See an outline here: About group certificates.
'tax free threshold'
The nominal tax free income amount is lifted for most low income taxpayers to an effective level which is significantly higher. See the tax free thresholds.
'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. Read more here..
'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. Click to see – Calculation details..
'mature age worker'
The Mature Age Worker’s Offset has ceased for taxpayers born on or after 1 July 1957. The Seniors and Pensioners Tax Offset has separate eligibility requirements. See Mature Age Workers here..
'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. See HECS/HELP repayments
'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. See – Rates and income thresholds..
Save tax on long service leave
Since 1993, long service and annual leave have been taxable at marginal tax rates. However when paid in a lump sum, and with some planning ahead, there are opportunities to achieve tax savings. See – Long service and annual leave here..
This page was last modified 2017-11-22