For more detail on the current tax rates, see the IRD website….
http://www.ird.govt.nz/how-to/taxrates-codes/itaxsalaryandwage-incometaxrates.html
Income tax rates for individuals
The rates in the table below apply from 1 April 2012 to 31 March 2013.
EXAMPLE 1
John’s total taxable income for the year was $65,238. Here is how to work out the amount of tax due on the income:
