Tax Rates & Thresholds

Tax Tables You Can Understand

Not an exhaustive list. We have scoured the Australian Taxation Office to provide a list of commonly searched tax tables to save you time searching the web.

The hardest thing in the world to understand is the income tax.

– Albert Einstein

Individual Tax Rates

We have summarised the individual income tax rates. The rates do not include the Medicare Levy of 2%.

HECS (HELP) Tax Rates

HECS HELP loan repayments are calculated on % of your loan amount. The % is based on your taxable income.

Medicare Levy Threshold

Medicare Levy provides funding for the Australian Public Health system and is generally 2% of you income.

Medicare Levy Surcharge

Is an additional levy for singles and couples that earn over a certain income and do not have Private Hospital Cover.