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Tax withheld calculator

 
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When there are 53 weekly pays in a financial year

In some years, you may pay your payees 53 times instead of the usual 52. As the weekly calculation in the TWC is based on 52 pays, the extra pay may result in insufficient amounts being withheld. You should let your payees know when this occurs so if they are concerned about a shortfall, they can ask you to withhold the additional amount in the following table.

53 weekly pays

Weekly earnings

Extra tax per week

$700 to $1,549

$3.00

$1,550 to $3,449

$4.00

$3,450 and over

$9.00

Sections within How to use the TWC

Last Modified: Thursday, 16 August 2012

 
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