Income Tax Calculation For Australian Residents And Non-Residents

Calculation of Income Tax payable
Particulars	Amount
Income Tax Payable	$ 15,000.00
Tax on Taxable Income
Upto $18200	Nil
Total Tax Payable	Nil
Calculation of Income Tax payable
Particulars	Amount
Income Tax Payable	$ 15,000.00
Tax on Taxable Income
Upto $80000 (32.5%)	$ 4,875.00
Total Tax Payable	$ 4,875.00

Particulars	Amount
Income Tax Payable	$ 15,000.00
rate 30%	$ 4,500.00
Total Tax Payable	$ 4,500.00
Calculation of Income Tax payable
Particulars	Amount
Income Tax Payable	$ 1,55,000.00
Upto $80000	$ 17,547.00
above $80000 to $155000	$ 27,435.00
Total Tax Payable	$ 44,982.00
Particulars	Amount
Income Tax Payable	$ 1,55,000.00
Upto $80000	$ 26,000.00
above $80000 to $155000	$ 27,435.00
Total Tax Payable	$ 53,435.00
Particulars	Amount
Income Tax Payable	$ 1,55,000.00
rate 30%	$ 46,500.00
Total Tax Payable	$ 46,500.00
Particulars	Amount
Income Tax Payable	$ 2,55,000.00
Upto $180000	$ 54,547.00
above $180000	$ 33,435.00
Total Tax Payable	$ 87,982.00
Particulars	Amount
Income Tax Payable	$ 2,55,000.00
Upto $180000	$ 63,000.00
above $180000	$ 33,435.00
Total Tax Payable	$ 96,435.00
Particulars	Amount
Income Tax Payable	$ 2,55,000.00
rate 30%	$ 76,500.00
Total Tax Payable	$ 76,500.00
Particulars	Amount
Income Tax Payable	$ 100.00
rate 30%	$ 27.50
Total Tax Payable	$ 27.50
Particulars	Amount
Taxable Income	$ 18,000.00
Medicare Levy	Nil
Medicare Levy Surcharge	Nil
Medicare Levy and Surcharge	Nil
Calculation of Medicare Levy and Medicare surcharge payable
Particulars	Amount
Taxable Income	$ 32,000.00
Medicare Levy	Nil
Medicare Levy Surcharge	Nil
Medicare Levy and Surcharge	Nil
Calculation of Medicare Levy and Medicare surcharge payable
Particulars	Amount
Taxable Income	$ 45,000.00
Medicare Levy	$ 900.00
Medicare Levy Surcharge	Nil
Medicare Levy and Surcharge	$ 900.00
Calculation of Medicare Levy and Medicare surcharge payable
Particulars	Amount
Taxable Income	$ 45,000.00
Medicare Levy	Nil
Medicare Levy Surcharge	Nil
Medicare Levy and Surcharge	Nil
Calculation of Medicare Levy and Medicare surcharge payable
Particulars	Amount
Taxable Income	$ 1,10,000.00
Medicare Levy	$ 2,200.00
Medicare Levy Surcharge	Nil
Medicare Levy and Surcharge	$ 2,200.00
Calculation of Medicare Levy and Medicare surcharge payable
Particulars	Amount
Taxable Income	$ 1,10,000.00
Medicare Levy	$ 2,200.00
Medicare Levy Surcharge	$ 27.50
Medicare Levy and Surcharge	$ 2,227.50
Calculation of Medicare Levy and Medicare surcharge payable
Particulars	Amount
Taxable Income	$ 1,50,000.00
Medicare Levy	$ 3,000.00
Medicare Levy Surcharge	$ 45.00
Medicare Levy and Surcharge	$ 3,045.00
Calculation of Medicare Levy and Medicare surcharge payable
Particulars	Amount
Taxable Income	$ 1,10,000.00
Medicare Levy	$ 2,200.00
Medicare Levy Surcharge	$ 33.00
Medicare Levy and Surcharge	$ 2,233.00
Calcuation of Minimum thershold
Particulars	Amount
Minimum thershold (A)	$ 9,00,000.00
Thershold increase per child	$ 1,500.00
Number of chil after the first child	$ 3.00
Total increase in thershold (B)	$ 4,500.00
Total Minimum Thershold (A+B)	$ 9,04,500.00
Particulars	Amt ($)
Net Salary	32000
Add: Bank Interest Received	150
Add: PayG	2600
Total Income	34750
Less: Deductions	450
Taxable Income under 4-15 ITAA 1997	34300
Taxable Payable under ITRA 1986	3059
Add: Medicare levy	686
Less: PayG	2600
Tax payable	1145

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