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 Tax Tables
Australian tax rates for 2005-2006 (unless otherwise indicated).
Individual income tax rates 2005-2006
| Taxable income |
Tax on taxable income |
| $0 - $6,000 |
Nil |
| $6,001 - $21,600 |
15c for each $1 over $6,000 |
| $21,601 - $63,000 |
$2,340 + 30c for each $1 over $21,600 |
| $63,001 - $95,000 |
$14,760 + 42c for each $1 over $63,000 |
| Over $95,000 |
$28,200 + 47c for each $1 over $95,000 |
2006-2007
| Taxable income |
Tax on taxable income |
| $0 - $6,000 |
Nil |
| $6,001 - $25,000 |
15c for each $1 over $6,000 |
| $25,001 - $75,000 |
$2,850 + 30c for each $1 over $25,000 |
| $75,001 - $150,000 |
$17,850 + 40c for each $1 over $75,000 |
| Over $150,000 |
$47,850 + 45c for each $1 over $150,000 |
The above rates do not include the Medicare Levy of 1.5%.
Entity tax rates
| Entity type |
Tax on taxable income |
Company generally
including corporate limited partnerships, strate title bodies, trustes of corporate units trusts and public trading trusts
private company generally
|
30c for each $1 |
Complying superannuation class of taxable income*
including self managed superannuation fund
|
15c for each $1 |
| Non-profit organisations |
$0 - $416 : Nil
$417 - $915 : 55%
$915 and above : 30% |
| Partnership |
Income flow through to partners and taxed at the individual partners' marginal rate |
* Non-complying superannuation class of taxable income tax rate is 47%.
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