The tables for 2016-17 were adjusted to reflect the annual indexation of repayment and other thresholds. From 1 October 2016 the tables were again adjusted to reflect the proposed expansion of the middle income tax bracket (32.5% marginal rate) by raising the ceiling from $80,000 to $87,000. which was passed into law after the commencement of the financial year.
The rates from 1 October did not include any adjustment for the previous rates schedules in use for the period to September 30, 2016 for which adjustment would be reflected in the final tax calculation on tax return lodgment.
These tables only apply until 30 June 2017.
Schedule-1-Calculating-amounts-to-be-withheld-2015-16 (until 30 Sept 2016)
Schedule-1-Calculating-amounts-to-be-withheld-2016-17 (from 1 Oct 2016)
Source: ato.gov.au
For general tax and other information applicable for the 2016-17 financial year see here.
This page was last modified 2021-05-20