Income :   
   
Deductions :    
   
*Rebate :    
   
*Imputation Credit :    
   
*Tax already paid :    
   
Calculate Field :
Taxable Income :    
   
Medicare levy :   
   
(+) Refund/ (-) Tax Payable :   
   

* Fields must have a value or '0'(zero), if no amounts are available. Press 'Click to Calculate'. The program will calculate and fill the 3 blanks below.

Since in Australia it is a self assessment system of filing tax returns, a tax agent can help you to determine the amounts to be shown in Income, Deductions, Rebate, Imputation Credit and Tax already paid. Also there could be a reduced/No Medicare Levy for some and for some there could be an additional Medicare Levy Surcharge of 1% of taxable income. A tax agent can help you decide on the application of these for your individual circumstances.

updated 21 August 2008, 21.00hrs