11 Income tax calculation statement

Last updated 28 July 2020

A Taxable income

Show at A the amount of taxable income of $1 or more. This amount is the amount shown at O Taxable income or loss item 11 when the Loss code box is blank. Write 0 (zero) if you have no taxable income or have a tax loss.

B Gross tax

Example 5: Superannuation fund showing income at R3 No-TFN quoted contributions item 10

Example 6: Superannuation fund showing income at U Net non-arm's length income item 10

C Rebates and offsets

C1 Credit: foreign income tax offsets

C2 Credit: rebates and tax offsets

D Subtotal

E Section 102AAM interest charge

F Eligible credits

F1 Credit: interest on early payments

F2 Credit: foreign resident withholding

F3 Credit: ABN/TFN not quoted (non-individual)

F4 Credit: refundable franking credits

F5 Credit: no-TFN tax offset

F6 Credit: interest on no-TFN tax offset

F7 Credit: refundable National rental affordability scheme tax offset

G PAYG instalments raised

I Total amount due or refundable

QC21714