THIS IS AN SAMPLE CALCULATION for FY 2011-2012 for INDIVIDUALS ONE NEEDS TO CONFIRM THE FIGURES IF TAX RATES

CHANGE

Taxable income

Tax on this income

0 $6,000

Nil

$6,001 $37,000
$37,001 $80,000
$80,001 $180,000
$180,001 and over

15c for each $1 over

$6,000
$4,350 plus 30c for each
$1 over $35,000
$17,850 plus 38c for each
$1 over $80,000
$55,850 plus 45c for each
$1 over $180,000

SAMPLE CALCULATION

Package
Base salary
Super deduction
Tax deducted
Your Tax rate
Weekly pay

55600.00
51009.00
4591.00
8852.40
17.35
810.70

Range

Difference Actual Tax

Tax percentage

From
0

To
6000

6000

6001

37000

30999

4650

12.567

37001

80000

42999

17550

21.937

80001

180000

99999

54549

30.305

180001