Income Tax Rates

Tax Rates for 2007-08

For Resident Superannuation Funds:

For Resident Companies:

	Taxed
Company	30%

For Resident Individuals:

Taxable income	Tax on this income
$0 - $6,000	Nil
$6,001 - $30,000	15% for income in excess of $6,000
$30,001 - $75,000	$3,600 plus 30% for income in excess of $30,000
$75,001 - $150,000	$17,100 plus 40% for income in excess of $75,000
Over $150,000	$47,100 plus 45% for income in excess of $150,000

Please note the above figures do not include the Medicare Levy or Medicare Surcharge.