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Income tax rates in Australia vary with income range, as well as the source of income. Income tax payed by individuals is taxed progressively and the rates change accordingly, whereas companies pay tax at a flat rate of 30%.

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As we all know that tax is a compulsory payment which we have to make to the government on the amount of income earned by us during that financial year. Many times it happens that people have overpaid their taxes and do not even know about it.

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