2018 Tax Table

Individual Australian Residents tax rates for the 2017/2018 year.

Taxable Income  Tax on lower amount  %
$0 – $18,200 Nil 0%
$18,201 – $37,000 $0 19%
$37,001 – $87,000 $3,572 32.5%
$87,001 – $180,000 $19,822 37%
$180,000 + $54,232 45%

These rates do not include Medicare Levy of 2%.

The Government has proposed from 1 July 2018 they will increase the top threshold of the 32.5% personal income tax bracket from $87,000 to $90,000. Following is the proposed 2019 tax table;

Rate  Current (2018) Proposed (2019)
0% 0 – $18,200 0 – $18,200
19% $18,201 – $37,000 $18,201 – $37,000
32.5% $37,001 – $87,000 $37,001 – $90,000
37% $87,001 – $180,000 $90,001 – $180,000
45% $180,000 + $180,000 +

These rates do not include Medicare Levy of 2%.

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