Title: Income Tax Australia Category: Accountants Clicks: 4 Listing added: Feb 9, 2012 PageRank: 0/10

The major source of income tax generation in Australia is the income from individuals wages or salaries, companies' capital gains and business income. There are several kinds of taxes collected for the federal government, such as personal income tax, flood levy, company tax, capital gains tax and payroll tax. Individuals get tax benefits depending on their income group and number of dependent minors they have.