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  • Income

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    PSI – voluntary agreement

    Did you receive any PSI that was subject to a PAYG voluntary agreement?

    No

    Go to PSI – where Australian business number not quoted.

    Yes

    Read on.

    The amount you show at M is the total income you received that was subject to a PAYG voluntary agreement, including amounts of tax withheld. You will be able to calculate this amount from your completed payment summary schedule.

    Completing this item

    Add up all the Gross payment amounts on your completed payment summary schedule that have a V in the corresponding Type box. Write the total at M item P1. Do not show cents.

    If you complete M item P1 you must also complete G item 14 on page 13 of your tax return (supplementary section).

    PSI – where Australian business number not quoted

    Did you have any amounts of tax withheld from your PSI for failure to quote your ABN?

    No

    Go to PSI – labour hire or other specified payments.

    Yes

    Read on.

    The amount you show at N is your total PSI from which an amount has been withheld because you did not quote your ABN, including the amounts of tax withheld. You will be able to calculate this amount from your completed payment summary schedule.

    Completing this item

    Add up all the Gross payment amounts on your completed payment summary schedule that have an N in the corresponding Type box. Write the total at N item P1. Do not show cents.

    If you complete N item P1 you must also complete H item 14 on page 13 of your tax return (supplementary section).

    PSI – labour hire or other specified payments

    Did you receive any PSI under a labour hire arrangement or from a specified payment?

    Specified payments include:

    • income from tutorial services provided for the Indigenous Tutorial Assistance Scheme of the Department of the Prime Minister and Cabinet
    • income from translation and interpretation services for the Translating and Interpreting Service National of the Department of Home Affairs
    • income as a performing artist in a promotional activity
    • payments of green army allowance (within the meaning of the Social Security Act 1991).

    No

    Go to PSI – other.

    Yes

    Read on.

    The amount you show at O is the total income you received from labour hire or other specified payments, including amounts of tax withheld. You will be able to calculate this amount from your completed payment summary schedule.

    Do not include income received as an employee of a labour hire business. These amounts will appear on your PAYG payment summary – individual non-business and you should show them at item 1 on page 2 of your tax return.

    Completing this item

    Add up all the Gross payment amounts on your completed payment summary schedule that have an S in the corresponding Type box. Write the total at O item P1. Do not show cents.

    If you complete O item P1 you must also complete J item 14 on page 13 of your tax return (supplementary section).

    PSI – other

    Did you receive any other PSI?

    No

    Go to Deductions.

    Yes

    Read on.

    Work out the total amount of other PSI and write this amount at J item P1.

    If you are registered or required to be registered for GST, do not include any GST amounts in your assessable income.

    Last modified: 26 May 2016QC 48076