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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 – [...] If you took out a Student Financial Supplement Loan between 1993 and 2003, you will have an amount to repay if your repayment income is greater than the thresholds in the table below. The repayment income is your taxable income plus any net rental losses, total reportable fringe benefits amounts and exempt foreign [...] You have or are currently studying at a university, you are most likely to have a HELP/HECS debt. Hopefully you have notified your pay office that you have the debt so that they can take extra tax out on your behalf to cover your obligations. For the 2009 – 10 year your employer [...] The Tax Free Threshold, thats the first $6,000 earnt that you don’t pay tax on… right? Wrong…. ??? There are many tax free thresholds, your situation governs the amount of threshold you receive. Non-Residents, their threshold is nil, they pay tax on $1 Minors, people under 18 who have unearned income their threshold is [...] |
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