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  • Taxable professional income (TPI)



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

    End of attention

    TPI is the amount - if any - remaining after taking away from your assessable professional income:

    1. the total of the deductions that reasonably relate to this income
    2. a part of any apportionable deductions - for example, gifts to charity which you have shown at item D8 on your tax return.
    Last modified: 01 Dec 2006QC 27534