• Fortnightly tax table with no and half Medicare levy

    For payments made on or after 1 October 2016

    Use the Withholding look-up tool to quickly work out the amount to withhold (XLSX, 55.7KB)This link opens in a new window.

    Using this table

    Use this table if you make payments to a prescribed person entitled to a full or half Medicare levy exemption. Prescribed persons include members of the defence force and certain recipients of repatriation and social security pensions and benefits.

    You should use this table if you make any of the following payments to these payees on a fortnightly basis:

    • salary, wages, allowances and leave loading paid to employees
    • paid parental leave
    • directors' fees
    • salary and allowances paid to office holders (including members of parliament, statutory office holders, defence force members and police officers)
    • payments to labour-hire workers
    • payments to religious practitioners
    • government education or training payments
    • compensation, sickness or accident payments that are calculated at a periodical rate and made because a person is unable to work (unless the payment is made under an insurance policy to the policy owner).

    For this table to apply, your payee must have completed both of the following:

    Other tax tables may apply if you made payments to shearers, workers in the horticultural industry, performing artists and those engaged on a daily or casual basis.

    If you make a payment to your payee who is entitled to an adjustment to the Medicare half levy, refer to Weekly tax table with no and half Medicare levy.

    Get it done

    You can download a printable look-up table of fortnightly withholding with no and half Medicare Levy (PDF, 466KB)This link will download a file in Portable Document Format (PDF).

    Using a formula

    The withholding amounts shown in this table can be expressed in a mathematical form.

    If you have developed your own payroll software package, refer to Statement of formulas for calculating amounts to be withheld.

    Refer to Weekly tax table with no and half Medicare levy for other important PAYG withholding information for payers, including:

    • tax file number (TFN) declarations
    • withholding declarations
    • Medicare levy adjustment
    • allowances
    • foreign residents tax rates
    • Higher Education Loan Program (HELP), Student Start-up Loan (SSL), Trade Support Loan (TSL) and Financial Supplement debts
    • holiday pay, long service and employment termination payments
    • tax offsets.

    Working out the withholding amount

    To work out the amount you need to withhold, you must:

    1. Calculate your employee's total fortnightly earnings - add any allowances and irregular payments that are to be included in this fortnight's pay to the normal fortnightly earnings, ignoring any cents.
    2. Input the amount from step 1 into the Withholding look-up tool (XLSX, 55.7KB)This link opens in a new window as per instructions in the tool
    3. Use the appropriate column to find the amount to be withheld. If your employee is:
      – claiming full Medicare levy exemption, use column 2
      – claiming half Medicare levy exemption, use column 3.
    4. Adjust the withholding amount found in step 3 if your payee:
      – has an entitlement to a tax offset
      – is entitled to an adjustment for the Medicare levy – half levy
      – has a HELP, TSL or Financial Supplement debt (see HELP/SSL/TSL fortnightly tax table or SFSS fortnightly tax table.

    Ready reckoner for tax offsets

    Tax offset entitlement - weekly, fortnightly and monthly values

    Amount claimed
    $

    Fortnightly value
    $

    Amount claimed
    $

    Fortnightly value
    $

    Amount claimed
    $

    Fortnightly value
    $

    1

    -

    70

    3

    1,173

    45

    2

    -

    80

    3

    1,200

    46

    3

    -

    90

    3

    1,300

    49

    4

    -

    100

    4

    1,400

    53

    5

    -

    200

    8

    1,500

    57

    6

    -

    300

    11

    1,600

    61

    7

    -

    338

    13

    1,700

    65

    8

    -

    400

    15

    1,750

    67

    9

    -

    500

    19

    1,800

    68

    10

    -

    600

    23

    1,900

    72

    20

    1.00

    700

    27

    2,000

    76

    30

    1.00

    800

    30

    2,500

    95

    40

    2.00

    850

    32

    2,535

    96

    50

    2.00

    900

    34

    3,000

    114

    57

    2.00

    1,000

    38

     

     

    60

    2.00

    1,100

    42

     

     

    If the exact tax offset amount claimed is not shown in the ready reckoner, add the values for an appropriate combination of tax offsets.

    Example

    Tax offsets of $422 claimed. Add values of $400, $20 and $2

    = $15.00 + $1.00 + $0.00

    = $16.00.

    Therefore, reduce the amount to be withheld by $16.00.

    End of example
    Last modified: 16 Sep 2016QC 50011