This statement works out the tax liability where there is taxable income.
We use the information which you provide in this section to calculate the 2013-14 Commissioner’s instalment rate under the PAYG income instalment system. You must complete all applicable items as accurately as possible to ensure that the rate calculated results in a reliable estimate of tax payable for the 2013-14 income year.
To work through the Calculation statement on the tax return, begin with the right-hand column. Three of the labels in the right-hand column (C Non-refundable non-carry forward tax offsets, E Refundable tax offsets and H Eligible credits) require certain labels in the left-hand column to be completed so that the total can be inserted at the appropriate label.
Labels A, T1, B and S must be completed.