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A Brief Guide to Australian Tax Tables 2013-2014

Australian Tax Tables 2013-2014

See the tax rates and the weekly tax tables for the new 2013-2014 financial year

The 2013-2014 tax season is here. Before lodging your 2014 tax return, you’ll want to refresh your memory with this year’s income tax rates.

If you’d like to calculator how much your 2014 tax due or tax back will be, visit the E-Lodge tax calculator and we’ll do the work for you. After taking into account your basic tax information, the tax calculator will provide you with an estimate of your 2014 tax refund or tax due based on the 2013-2014 Australian tax rates.

The 2014 tax rates cover your income earned during the financial year (so the income you received between 1 July, 2013 and 30 June, 2014). The Australian tax dates can be confusing, this might help;

  • 2013-2014 Australian Financial Year: 1 July, 2013- 30 June, 2014
  • 2014 Australian Tax Season: 1 July, 2014- 31 October, 2014 

Save $5 On Your 2014 Tax Return

Australian Income Tax Rates 2013-2014

This year’s income tax rates are staying exactly the same as the 2012-2013 rates. Just as a refresher, here are the income tax rates;

Taxable Income Tax on This Income
$0-$18,200 $0
$18,201-$37,000 19% on all income over $18,200
$37,001-$80,000 $3,572 plus 32.5% on all income over $37,000
$80,001-$180,000 $17,547 plus 37% on all income over $80,000
$180,000+ $54,547 plus 45% on all income over $180,000

Weekly Tax Table 2013-2014

The above tax rates are great for figuring out how much tax you can expect to pay over the course of the entire year, but they aren’t very much help if you want to know exactly how much will be taken out of each of your paychecks. Knowing this number can make planning out your budget much easier.

Thankfully the ATO released a weekly tax table that will tell you (with a good degree of accuracy) how much tax will be withheld from your pay on a weekly basis. You may find the Australian tax tables useful if you make or receive any of the following;

  • salary, wages, allowances, and leave loading
  • paid parental leave
  • director’s fees, etc.

Also note that in the tax tables there are two different columns next to each level of weekly earnings, one for the amount that should be withheld if you claim the tax-free threshold and one if you don’t. As you can see, the tax-free threshold makes a big difference.

Australian residents for tax purposes can claim the tax-free threshold, but only for one job. If you haven’t claimed it for your primary job, you should be sure to do so. Remember, this requires providing your employer with your tax file number. If you don’t, taxes are automatically withheld at the maximum rate of 45-46.5%.

Know that you know the income tax rates, you can get started on your 2014 tax return!

If you are looking to estimate your tax liability – and how much of a refund you can expect – consider using the E-Lodge tax calculator.

To get a more accurate number (not to mention, get your 2014 taxes out of the way), you can create an account today on E-Lodge and prepare your 2014 tax return.

If your income information hasn’t changed from last year, chances you’ll be receiving the same tax refund this year.

If you happened to use E-Lodge last year, you’ll be able to prepare your taxes faster than ever before with our new feature which automatically imports your prior year information into your 2014 return!

Whether you’re a returning or first time E-Lodge customer-  E-Lodge is here to help you prepare your tax return within minutes and receive your maximum refund possible . So what are you waiting for? Get started now.

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