Does anyone know how much can be claimed back for tax, i earned 22k and tax withheld was 2.2k? Thats what it says on my group certificate, i normally get my etax done by someone, this one is about 5years ago,Just trying to get a rough idea, cheers.
Tax return
DEvok on 01/08/2013 - 22:51
Comments
I guess you're up for about 1k in tax. So enjoy your return :)
When you say "this one is about 5 years ago" do you mean you're doing a tax return for income earned five years ago? Lots of things -including the tax brackets- were different then. You'll almost certainly have to get it done through a tax agent, and you'll probably have to pay a fine for it being so late. If you owe money then you'll have to pay interest on it as well.
You can get between $1000 and $1200 in tax return..
You can see the tax brackets here.
http://www.ato.gov.au/Rates/Individual-income-tax/
And there is even a web calculator.
http://www.ato.gov.au/Calculators-and-tools/Simple-tax-calcu…
Is that $22k gross or net though? Those tax calculations are based on gross minus deductions. Then you have to add the Medicare levy and other stuff.