What was the personal allowance in 2011?
Tax tables 2011-12
| Per year | 2010-11 | 2011-12 |
|---|---|---|
| Personal allowance (age under 65) | £6,475 | £7,475 |
| Personal allowance (age 65-74) | £9,490 | £9,940 |
| Personal allowance (age 75 and over) | £9,640 | £10,090 |
| Married couple’s allowance* (age 75 and over) | £6,965 | £7,295 |
What was the tax allowance 2010?
[1] All taxpayers are eligible for this tax-free allowance – which represents the amount of income someone may earn before paying any income tax. The allowance was set at £6,475 for 2010/11.
What are the tax thresholds in Australia?
Australian income tax rates for 2018–19 and 2019–20 (residents)
| Income thresholds | Rate | Tax payable from 2018–19 and 2019–20 |
|---|---|---|
| $0 – $18,200 | 0% | Nil |
| $18,201 – $37,000 | 19% | 19c for each $1 over $18,200 |
| $37,001 – $90,000 | 32.5% | $3,572 plus 32.5c for each $1 over $37,000 |
| $90,001 – $180,000 | 37% | $20,797 plus 37c for each $1 over $87,000 |
How much tax do I pay on 50000 in Australia?
If you make $50,000 a year living in Australia, you will be taxed $7,717. That means that your net pay will be $42,283 per year, or $3,524 per month. Your average tax rate is 15.4% and your marginal tax rate is 34.5%. This marginal tax rate means that your immediate additional income will be taxed at this rate.
What was the income tax threshold for 2011?
2011 threshold for paying income tax. What was the threshold to pay income tax for the period 1/3/10 to 28/2/11. SARS asked me to submit documents for that year now. This entry was posted in Tax Q&A and tagged Salary / IRP5, Audit / Verification, Tax Threshold . Bookmark the permalink. The threshold for the 2010/2011 tax year was R57000.
What was the income tax offset for 2011-12?
2011-2012 Low Income Tax Offset. For 2011-12 the full offset is $1,500, with a withdrawal rate of 4 cents per dollar of income over $30,000, such that it cuts out at $67,500. LITO calculation table 1 July 2011 to 30 June 2012
What are the income tax thresholds for low income families?
One important measure of the impact of taxes on poor families is the income tax threshold — the point below which a family owes no income tax. In 10 states, the threshold for a single-parent family of three is below the $17,922 poverty line for such a family (see Table 1A).
What are the income tax rates for 2012?
Tax rates for individual residents 2011-12 Taxable income Tax on this income* 0 – $6,000 Nil $6,001 – $37,000 15c for each $1 over $6,000 $37,001 – $80,000 $4,650 plus 30c for each $1 over $37,000 $80,001 – $180,000 $17,550 plus 37c for each $1 over $80,00
