Income export tax rate for the assessement year 2007-08?
Answers:
Tax rate is as follows
For individuals resident woman {not individual a senior citizen (who is of 65 years or more at anytime during the previous year)}
Net income breadth income import tax rate
Upto 145000 nil
145000 to 150000 10% of (TI-145000) + 3% training cess
150000 to 250000 500+20% of (TI-150000) +3% coaching cess
250000 to 1000000 20500+30% of (TI- 250000) +3% education
cess
above 1000000 245500+30%of (TI-1000000) +10% of income export tax Surcharge + 3% of income rates and surcharge
For resident senior citizen (who is of 65 years or more at anytime during the previous year)
upto 195000 nil
195001 to 250000 20% of (TI-195000)+3% edu cess
250001 to 1000000 11000+30% of (TI- 250000)+3% edu cess
above 1000000 236000+30% of (TI- 1000000)+10% sc
+3% edu cess
For any other individual, every HUF/AOP/BOI/Artificial juridical person
upto 110000 nil
110000 to 150000 10%of (TI - 110000)+3% ec
150001 to 250000 4000+20% of (TI-150000)+3% ec
250001 to 1000000 24000+30% of(TI- 250000)+3%ec
above 1000000 249000+30% of (TI-1000000)+10% sc+3%ec
* ec Education Cess
* sc Surcharge
* TI Toal Income
If you are after Australian excise rates. Individual excise rates for Australian residents for the 2007-2008 are as follows:
Tax rates 2007-08
Taxable income
Tax on this income
$1 – $6,000
Nil
$6,001 – $30,000
15c for respectively $1 over $6,000
$30,001 – $75,000
$3,600 plus 30c for respectively $1 over $30,000
$75,001 – $150,000
$17,100 plus 40c for respectively $1 over $75,000
$150,001 and over
$47,100 plus 45c for respectively $1 over $150,000
http://www.ato.gov.au/individuals/conten...
You may also be liable to salary a medicare levy and medicare surcharge, depending on your ancestral and robustness insurance sitution.
Also steal into details rebate such as the low income rebate and senior charge offset, and ethnic group charge benefit which may shrink individual due liability further, depending on their situation. The company rate of tariff is still 30%. For non residents, consult the ato website timetabled.