Chargeable Income | Income Tax Rate (%) | Gross Tax Payable ($) |
---|
First $20,000
Next $10,000 | 0
2 | 0
200 |
First $30,000
Next $10,000 | -
3.50 | 200
350 |
First $40,000
Next $40,000 | -
7 | 550
2,800 |
First $80,000
Next $40,000 | -
11.5 | 3,350
4,600 |
First $120,000
Next $40,000 | -
15 | 7,950
6,000 |
First $160,000
Next $40,000 | -
18 | 13,950
7,200 |
First $200,000
Next $40,000 | -
19 | 21,150
7,600 |
First $240,000
Next $40,000 | -
19.5 | 28,750
7,800 |
First $280,000
Next $40,000 | -
20 | 36,550
8,000 |
First $320,000
In excess of $320,000 | -
22 | 44,550 |