Exfin Australian Income Tax
Ready Reckoner - 2015
We regularly receive inquiries asking how much tax
is payable on specific levels of Australian salary or
income. The table below provides you with a very
quick, summarized guide to how much net income
you will receive based on certain levels of taxable income in Australia. We cannot emphasize enough that
these are only indicative figures and we specifically
disclaim any responsibility for reliance on them.
Note particularly that these tax rates do not include the Medicare Levy or Medicare Levy Surcharge because these may not be payable by certain
expatriates in Australia, or by non-residents. They do
however include the Temporary Budget Repair Levy.
Taxable Income
($AUD per Annum)
5,000
10,000
15,000
20,000
25,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
110,000
120,000
130,000
140,000
150,000
160,000
170,000
180,000
190,000
Additionally, unless you have been quoted a remuneration package inclusive of superannuation, most
individuals working in Australia will receive a super
annuation guarantee payment from their employer
into a pension fund based on 9.5% (currently) of your
ordinary time earnings.
In certain circumstances tax planning, including the
use of salary sacrifice, can significantly improve your
after-tax position, particularly at higher income levels. We very strongly recommend that individuals
consider seeking professional tax advice prior to
committing to any employment contract in Australia.
Resident Taxpayer
Net After Tax
5,000
10,000
15,000
20,000
24,153
28,203
35,853
42,453
49,053
55,703
62,453
68,753
75,053
81,353
87,653
93,953
100,253
106,553
112,853
119,153
125,453
130,753
If you would like tax advice prior to arriving in Australia, or perhaps you are Australian expatriates
or foreign investors who have a rental property
and need assistance in preparing Australian tax returns, please make contact through our website
(www.exfin.com) or by clicking the button opposite.
Non-Resident Taxpayer
Net After Tax
3,375
6,750
10,125
13,500
16,875
20,250
27,000
33,750
40,500
47,250
54,000
60,300
66,600
72,900
79,200
85,500
91,800
98,100
104,400
110,700
117,000
122,300
Professional fees will apply for any advice or services
provided but you will be provided with a fixed fee
quotation in advance.
© Exfin International Pty Ltd 2015
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