New tax tables are available

(ATO)

 

We produce a range of tax tables to help you work out how much to withhold from payments you make to your employees or other payees. AĀ tax withheld calculatorĀ that calculates the correct amount of tax to withhold is also available.

Tax tables with an asterisk (ā€˜*ā€™) have downloadable look-up tables available in portable document format (PDF). To get a copy of the PDF, select the tax table you need and go to the heading ā€˜Using this tableā€™. The link to the PDF is in the ā€˜Get it doneā€™ section.

Tax tables for previous years are also available atĀ Tax rates and codes.

On this page:

Important information – October 2020 updates

Changes to personal income tax thresholds announced by the Government during the Federal Budget have been incorporated into the withholding schedules and tax tables and will apply to payments made on and from 13Ā October 2020.

As the changes to withholding are made part way through the income year, employers and other payers who are unable to immediately implement these changes into their payroll will have until 16Ā November 2020 to do so.

Employees and other payees will receive their entitlement to the reduced tax payable for the entire 2020ā€“21 income year when they lodge their income tax return.

Changes to age limits for genuine redundancy and early retirement scheme payments

Legislation was passed in October 2019 that extended the concessional tax treatment of genuine redundancy and early retirement scheme payments. This was extended to people who had reached the age-based limit of 65Ā years but not the age-pension age. The changes apply to payments received by employees who are dismissed or retire on or after 1Ā July 2019.

This may impact withholding calculations for some employees when usingĀ ScheduleĀ 7 ā€“ Tax table for unused leave payments on termination of employmentĀ andĀ ScheduleĀ 11 ā€“ Tax table for employment termination payments.

Refer to further information before using these schedules:Ā Genuine redundancy and early retirement scheme payments ā€“ alignment with the Age Pension age.

Tax tables that were updated and apply from 13 October 2020

The following tax tables were updated and apply from 13Ā October 2020.

Statement of formulas

*Statement of formulas for calculating amounts to be withheld NATĀ 1004
*Statement of formulas for calculating study and training support loans components NATĀ 3539
Sample data for ScheduleĀ 8 ā€“ Statement of formulas for calculating study and training support loans components (XLSXĀ 32KB)This link will download a file NATĀ 3539

Regular payments

*Weekly tax table NATĀ 1005
*Fortnightly tax table NATĀ 1006
*Monthly tax table NATĀ 1007
*Tax table for daily and casual workers NATĀ 1024

Medicare levy

*Weekly tax table with no and half Medicare levy NATĀ 1008
*Fortnightly tax table with no and half Medicare levy NATĀ 74228
*Medicare levy adjustment weekly tax table NATĀ 1010
*Medicare levy adjustment fortnightly tax table NATĀ 1011
*Medicare levy adjustment monthly tax table NATĀ 1012

Superannuation payments

Tax table for superannuation lump sums NATĀ 70981
Tax table for superannuation income streams NATĀ 70982

Payee or industry specific tax tables

Tax table for working holiday makers NATĀ 75331
*Tax table for seniors and pensioners NATĀ 4466
*Tax table for actors, variety artists and other entertainers NATĀ 1023
*Tax table for individuals employed in the horticultural or shearing industry NATĀ 1013

Tax table for Joint Petroleum Development Area (NAT 7288)

This schedule no longer applies as a result of the Timor Sea Maritime Boundaries Treaty. This treaty redistributed the taxing rights between Australia and Timor-Leste, where the share of Timor-Leste’s taxing rights increased from 90% to 100% from 30 August 2019.

As the income is entirely foreign sourced income there are no withholding requirements in Australia. An Australian tax resident receiving this income will be entitled to a foreign income tax offset in their Australian tax return.

Ā Types of payment specific tax tables

Tax table for back payments, commissions, bonuses and similar payments NATĀ 3348
Tax table for unused leave payments on termination of employment NATĀ 3351
Tax table for employment termination payments NATĀ 70980
Tax table for annuities NATĀ 3350

Tax tables that continue to apply from 13 October 2020

The following tax tables were not updated but continue to apply from 13Ā October 2020.

Study and training support loans

*Study and training support loans weekly tax table NATĀ 2173
*Study and training support loans fortnightly tax table NATĀ 2185
*Study and training support loans monthly tax table NATĀ 2186

Other tax tables

Tax table for return to work payments NATĀ 3347
*Tax table for payments made under voluntary agreements NATĀ 3352
Tax table for additional amounts to withhold as a result of an agreement to increase withholding NATĀ 5441

Note:Ā Go toĀ Seasonal Worker Programme and Pacific Labour SchemeĀ for withholding rates for individuals employed under those schemes.

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Last modified: 13 Oct 2020

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Categories: Tax