• Schedule 7 – Medicare levy adjustment fortnightly tax table

    This table should be read with the Fortnightly tax table (NAT 1006) and the Medicare levy variation declaration (NAT 0929)

    Attention

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

    This document is a withholding schedule made by the Commissioner of Taxation in accordance with sections 15-25 and 15-30 of schedule 1 to the Taxation Administration Act 1953. It applies to withholding payments covered by Subdivisions 12-B (except sections 12-50 and 12-55), and 12-D of schedule 1.

    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 payments to your payee on a fortnightly basis and they are entitled to a Medicare levy adjustment.

    Find out more

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

    End of find out more

    Is your payee entitled to a Medicare levy adjustment?

    Your payee is entitled to an adjustment if they meet all of the following requirements:

    • they have provided you with a Medicare levy variation declaration (NAT 0929) in which they
      • claimed dependents
      • answered yes to question 10 ‘Is the combined weekly income of you and your spouse, or your income as a sole parent, less than the relevant amount in table A on page 1?'
       
    • they have weekly earnings of $790 or more, but less than the corresponding amount in column A of table 1 – for example, a payee who claims two dependent children must have fortnightly earnings of less than $1,752 to be entitled to a Medicare levy adjustment.
    Attention

    No Medicare levy is payable on fortnightly earnings of less than $790.

    End of attention

    If your payee claims more than 10 children, the column A amount is $2,842, plus $136 for each child claimed in excess of 10.

    Column B shows the values used in calculating adjustments for payees with more than five dependent children. If your payee claims more than 10 dependent children, the column B amount is $2,415.88 plus $115.64 for each child in excess of 10.

    Find out more

    For information about how to use table 1 refer to How to work out the Medicare levy adjustment.

    End of find out more

    Table 1: Medicare levy adjustments

     

    Column A

    Column B

    Spouse only

    $1,480

    -

    Number of children

     

     

    1

    $1,616

    -

    2

    $1,752

    -

    3

    $1,888

    -

    4

    $2,024

    -

    5

    $2,160

    -

    6

    $2,296

    $1,953.26

    7

    $2,434

    $2,068.92

    8

    $2,570

    $2,184.58

    9

    $2,706

    $2,300.24

    10

    $2,842

    $2,415.88

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

    Last modified: 14 Jun 2013QC 25925