Tax has been increased by the Australian Government from the 32.5% tax threshold $37,001 – $80,000 to $37,001 – $87,000.The tax tables have changed for employees who earn over $80,000. You need to download the updated tax tables from tables or contact your payroll software provider for the relevant update.
Employers DO NOT need to make any adjustments or refunds. The new tax tables are effective from 1 October 2016. Any over-payment of tax will be adjusted when the 2016-17 income tax return is lodged.

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Tax Tables

Tax withheld calculatorĀ