What is the Current Australian Tax Rates Table?

Does TurboTax Get Your Refund First?

These income tax rates show the amount of tax payable in every dollar for each income tax bracket depending on your circumstances.

These rates apply to individuals who are Australian residents for tax purposes.

Resident tax rates in Australia 2022–23

Resident tax rates 2022–23
Taxable income Tax on this income
0 – $18,200 Nil
$18,201 – $45,000 19 cents for each $1 over $18,200
$45,001 – $120,000 $5,092 plus 32.5 cents for each $1 over $45,000
$120,001 – $180,000 $29,467 plus 37 cents for each $1 over $120,000
$180,001 and over $51,667 plus 45 cents for each $1 over $180,000

The above rates do not include the Medicare levy of 2%.

 

Foreign residents

These rates apply to individuals who are foreign residents for tax purposes.

Foreign resident tax rates in Australia

2022–23

Foreign resident tax rates 2022–23
Taxable income Tax on this income
0 – $120,000 32.5 cents for each $1
$120,001 – $180,000 $39,000 plus 37 cents for each $1 over $120,000
$180,001 and over $61,200 plus 45 cents for each $1 over $180,000

 

 

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