Taxation (Budget Measures) Act 2010

72 Schedule 1—Basic tax rates: income tax, ESCT, RSCT, RWT, and attributed fringe benefits: part C, table 1

• (1) Schedule 1, part C, table 1 is replaced by the following:

  Table 1

  Row	Range of dollar in all-inclusive pay	Tax rate
  1	$0 – $12,390	0.1299
  2	$12,391 – $39,845	0.2384
  3	$39,846 – $54,915	0.4599
  4	$54,916 upwards	0.5504
  How to use this table:Find the range in the second column for each dollar in the person's all-inclusive pay under section RD 51, and apply the relevant rate for the dollar in the third column.

  (2) Schedule 1, part C, table 1 is replaced by the following:

  Table 1

  Row	Range of dollar in all-inclusive pay	Tax rate
  1	$0 – $12,530	0.1173
  2	$12,531 – $40,580	0.2121
  3	$40,581 – $55,980	0.4286
  4	$55,981 upwards	0.4925
  How to use this table:Find the range in the second column for each dollar in the person's all-inclusive pay under section RD 51, and apply the relevant rate for the dollar in the third column.