Australian Income Tax 2022-2023.
The Australian Income Tax rates for 2022-2023 are shown below. The Australian 2022-2023 Income Tax year runs from 1st July 2022 to 30 June 2023.
Proposed 2022-23 Tax Rates
These are the proposed Australian Income Tax rates for the 2022-23 tax year. They are subject to any changes brought in by the new government.
| Taxable Income | Tax On This Income |
| $0 to $18,200 | Nil |
| $18,201 to $45,000 | 19c for each $1 over $18,200 |
| $45,001 to $120,000 | $5,092 plus 32.5c for each $1 over $45,000 |
| $120,001 to $180,000 | $29,467 plus 37c for each $1 over $120,000 |
| $180,001 and over | Â $51,667 plus 45c for each $1 over $180,000 |
The actual resulting tax rate for some examples of annual incomes are:
| Annual Income | Tax Calculation | Effective Tax rate |
| $18,000 | $Â 0 | 0.00% |
| $20,000 | $Â 342 | 1.71% |
| $25,000 | $ 1,292 | 5.17% |
| $30,000 | $ 2,242 | 7.47% |
| $35,000 | $ 3,192 | 9.12% |
| $42,246 | $4,569 | 10.81% |
| $45,000 | $ 5,092 | 11.32% |
| $100,000 | $22,967 | 22.97% |
| $120,000 | $29,467 | 24.56% |
| $150,000 | $40,567 | 27.04% |
| $180,000 | $51,667 | 28.70% |
| $200,000 | $59,067 | 29.53% |
The Minimum wage for a Full time worker, from 1 July 2022, will be $42,246.88 per year. This is calculated from 52 weeks at $812.44 per week, being $21.38 per hour for a 38 hour week.
Using the above Australian Income Tax rates for 2022-2023, the Income Tax on that income would be $4,569 or 10.81% of the gross income.
Individual income tax rates:
Residents
Foreign residents
Working holiday makers