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. A tax withheld calculator that calculates the correct amount of tax to withhold is also available.

Tax tables with an asterisk (‘*’) 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 ‘Using this table’. The link to the PDF is in the ‘Get it done’ section.

Tax tables for previous years are also available at 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 13 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 16 November 2020 to do so.

Employees and other payees will receive their entitlement to the reduced tax payable for the entire 2020–21 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 65 years but not the age-pension age. The changes apply to payments received by employees who are dismissed or retire on or after 1 July 2019.

This may impact withholding calculations for some employees when using Schedule 7 – Tax table for unused leave payments on termination of employment and Schedule 11 – Tax table for employment termination payments.

Refer to further information before using these schedules: Genuine redundancy and early retirement scheme payments – 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 13 October 2020.

Statement of formulas

*Statement of formulas for calculating amounts to be withheld NAT 1004
*Statement of formulas for calculating study and training support loans components NAT 3539