Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe rate of extra income tax payable as mentioned in section 4-10 of the Income Tax (Transitional Provisions) Act 1997 (temporary flood and cyclone reconstruction levy) for the 2011-12 financial year on a taxpayer's taxable income for the 2011-12 year of income is the rate applicable under the table.
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Rate of temporary flood and cyclone reconstruction levy |
||
|
Item |
For the part of the taxable income of the taxpayer that: |
The rate is: |
|
1 |
exceeds $50,000 but does not exceed $100,000 |
0.5% |
|
2 |
exceeds $100,000 |
1% |
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