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Income Tax Rates

Tax rates 2001-02 and 2002-03

Taxable income

Tax on this income

$0 to $6000

Nil

$6001 to $20,000

17c for each $1 over $6,000

$20,001 to $50,000

$2,380 plus 30c for each $1 over $20,000

$50,001 to$60,000

$11,380 plus 42c for each $1 over $50,000

Over $60,000

$15,580 plus 47c for each $1 over $60,000

The above rates do not include the Medicare levy of 1.5%.

 


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