MPG's INDIVIDUAL TAX CALCULATOR

NAME TAXABLE INCOME TAX MEDICARE LEVY NET
SRK
SK
AB
JAB
AK
PC
KKK
MI
KKR
CSR
MANO
SG
TOTAL
Medicare Levy Data
Low Threshold 20,542
Rate 10.00%
High Threshold 24,168
Rate 1.50%
Resident Tax Rates 2017–18
Taxable income Tax on this income
0 – $18,200 Nil
$18,201 – $37,000 19c for each $1 over $18,200
$37,001 – $87,000 $3,572 plus 32.5c for each $1 over $37,000
$87,001 – $180,000 $19,822 plus 37c for each $1 over $87,000
$180,001 and over $54,232 plus 45c for each $1 over $180,000
The above rates do not include the:
▹ Medicare levy of 2%
▹ The temporary budget repair levy ceased applying from 1 July 2017.

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