INCOME TAX RATES ACT 1986

Schedules

SCHEDULE 11 - RATES OF TAX PAYABLE ON ELIGIBLE TAXABLE INCOME  

Subsections 13(1) and 15(1)


PART I - RESIDENT TAXPAYERS  

SECTION 2.   2.  
In the case of a resident taxpayer whose eligible taxable income for the purposes of Division 6AA of Part III of the Assessment Act exceeds $416 and whose taxable income does not consist of or include a special income component, the rate of tax in respect of the eligible taxable income of the taxpayer is 45%.




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