2011 Individual Income Tax Rates. The Australian financial year runs from the 1st of July to the 30th June each year, for the year ending in June 2011 the following tax rates apply to an individual residents taxable income. [...]
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2010 Individual Income Tax Rates. The Australian financial year runs from the 1st of July to the 30th June each year, for the year ending in June 2010 the following tax rates apply to an individual residents taxable income. The taxable income is the balance of assessable income less allowable deductions. The tax [...] 2009 Individual Income Tax Rates These rates apply to individuals who are residents of Australia for tax purposes. Tax rates 2008-09 Taxable income Tax on this income $1 – $6,000 Nil $6,001 – $34,000 15c for each $1 over $6,000 $34,001 – $80,000 $4,200 plus 30c for each $1 over $34,000 $80,001 – [...] I am currently working on a client, that has not lodged a tax return since 1996. When you prepare tax returns over a 14 year period in a single sitting, you notice some real changes to the tax rates. For instance from 1st July 2009 the Low Income Tax Offset starts to reduced [...] |
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