Schedule 1 – Statement of formulas for calculating amounts to be withheld
Calculate the tax to withhold from weekly, fortnightly, monthly or quarterly payments.
Published 16 June 2024
QC102416
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Calculate the tax to withhold from weekly, fortnightly, monthly or quarterly payments.
Published 16 June 2024
Amounts to be withheld from payments made weekly, fortnightly, monthly and quarterly.
What numbers to use in formulas when calculating withholding amounts.
How to apply the formulas for working out amounts to be withheld.
Applying the formulas to work out the weekly earnings.
Using the formulas when Medicare levy adjustments apply.
Examples of how to calculate the withholding amounts.
How to calculate withholding amounts for payments made on a daily or casual basis.
Sample data for amounts to be withheld.
Withholding according to employee declarations.
Withholding for allowances, leave and other payments.
QC102416