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australian-tax-rate

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    australian-tax-rate

return tax rate based on annual income


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1
decreased by-50%
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1
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4.33 kB
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australian-tax-rate

return tax rate based on annual income

usage:

  npm install australian-tax-rate
var taxRate = require('australian-tax-rate');
//...
var pay = gross*(1 - taxRate(gross));

This is what ATO says about personal tax:

Taxable incomeTax on this income
0 – $18,200Nil
$18,201 – $37,00019c for each $1 over $18,200
$37,001 – $80,000$3,572 plus 32.5c for each $1 over $37,000
$80,001 – $180,000$17,547 plus 37c for each $1 over $80,000
$180,001 and over$54,547 plus 45c for each $1 over $180,000

Above as graphs:

tax-rate

net-pay-vs-gross

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Last updated on 25 Jan 2016

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