• Schedule 40 - Tax table for additional amounts to withhold as a result of an upwards variation

    Attention

    For payments made on or after 1 July 2013 - 31 January 2015

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    Attention

    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 (TAA). It applies to withholding payments covered by Subdivision 12-B, 12-C and 12-D.

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    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.

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    You should use this table if there is an Upwards variation agreement in place between a payee and a payer, to withhold an additional amount (in addition to the required amount under the TAA or the Taxation Administration Regulations 1976).

    An Upwards variation agreement form is contained in the Withholding declaration (NAT 3093) and Withholding declaration – upwards variation (NAT 5367).

    The total amount to withhold is the additional amount specified in the Upwards variation agreement plus the amount calculated on the payee’s earnings (based on the relevant tax table or regulation).

    Find out more

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

    Alternatively, our calculator can help you work out the correct amount of tax to withhold from payments to most payees. To access the calculator, refer to Tax withheld calculator.

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    How to work out the withholding amount

    To work out the amount to withhold, you must:

    1. Use the appropriate tax table to look up the amount to withhold from the payee’s total earnings for the period using instructions in that table.
    2. Work out the additional amount the payee wants withheld, using information provided in the Upwards variation agreement.
    3. Add the amount from step 1 to the amount from step 2.

    Example

    Payee’s weekly earnings are $854.00. The payee and the payer have an agreement that the payer withholds an additional $50 a week from the payee’s earnings, as per the payee’s Upwards variation agreement. If the payee is claiming the tax-free threshold, the payee would use column 2 of the Weekly tax table – including instructions for calculating monthly and quarterly withholding (NAT 1005) to find the basic amount to withhold of $128. The total amount to withhold from the payee’s weekly earnings is $128 + $50 = $178.

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    More information

    How to obtain copies of this publication

    You can download a printable version of Tax table for additional amount to withhold as a result of an upwards variation (NAT 5441, 178KB) in Portable Document Format (PDF).

    PAYG withholding publications

    You can access all PAYG withholding tax tables and other PAYG withholding publications quickly and easily from our website. For more information:

    Copies of weekly and fortnightly tax tables are available from selected newsagents. Selected newsagents also hold copies of the following:

    If you need more information about the correct amount of tax to withhold, phone us on either:

    • 13 28 61 if you are an individual
    • 13 28 66 if you are an employer or payer.
    Last modified: 29 Oct 2013QC 34744