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  • Monthly withholding table

    Includes withholding amounts calculated in accordance with the rules contained in Weekly tax table - including instructions for calculating monthly and quarterly withholding (NAT 1005)

    Attention

    For payments made on or after 1 July 2012 to 30 June 2014

    You should read this publication together with Weekly tax table - including instructions for calculating monthly and quarterly withholding (NAT 1005).

    End of attention

    Who should use this table?

    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

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

    • salary, wages, allowances and leave loading to employees
    • paid parental leave to an eligible worker
    • director’s fees
    • salary and allowances 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).

    Also use this table for payments made to foreign residents.

    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.

    Find out more

    For a full list of tax tables, refer to Tax tables.

    End of find out more

    Can you use 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, to refer to Statement of formulas for calculating amounts to be withheld (NAT 1004).

    Attention

    Refer to Weekly tax table – including instructions for calculating monthly and quarterly withholding (NAT 1005) for other important PAYG withholding information for monthly payers, including:

    • tax file number (TFN) declarations
    • withholding declarations
    • Medicare levy adjustment
    • allowances
    • foreign residents tax rates
    • Higher Education Loan Program (HELP) and Financial Supplement (FS) debts
    • holiday pay, long service and employment termination payments
    • tax offsets.
    End of attention

    Ready reckoner for tax offsets

    Amount claimed
    $

    Monthly Value
    $

    1

    -

    2

    -

    3

    -

    4

    -

    5

    -

    6

    -

    7

    1.00

    8

    1.00

    9

    1.00

    10

    1.00

    20

    2.00

    30

    2.00

    40

    3.00

    50

    4.00

    57

    5.00

    60

    5.00

    70

    6.00

    80

    7.00

    90

    7.00

    100

    8.00

    200

    17.00

    300

    25.00

    338

    28.00

    400

    33.00

    500

    42.00

    600

    50.00

    700

    58.00

    800

    66.00

    850

    71.00

    900

    75.00

    1000

    83.00

    1100

    91.00

    1173

    97.00

    1200

    100.00

    1300

    108.00

    1400

    116.00

    1500

    125.00

    1600

    133.00

    1700

    141.00

    1750

    145.00

    1800

    149.00

    1900

    158.00

    2000

    166.00

    2250

    187.00

    2500

    208.00

    3000

    249.00

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

    Example

    Tax offsets of $422 claimed. For a weekly value add values of $400, $20 and $2.

    = $33.00 + $2.00 + $0.00

    = $35.00

    Therefore, reduce the amount to be withheld from weekly payments by $135.00.

    End of example
    Last modified: 14 Jun 2013QC 26012