• Fortnightly tax table with no and half Medicare levy

    Attention

    For payments made on or after 1 July 2014 to 30 June 2015

    End of attention

    Use the new Withholding look-up tool to quickly work out the amount to withholdThis link opens in a new window.

    End of work it out

     

    Using 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

    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 employees on a fortnightly basis:

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

    Attention

    If you make a payment to your employee who is entitled to an adjustment to the Medicare half levy, refer to Weekly tax table with no and half Medicare levy (NAT 1008).

    End of attention

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

    Further information

    Refer to Weekly tax table with no and half Medicare levy (NAT 1008) 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 further information

    Working out the withholding amount

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

    1. 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 toolThis 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:  

    Ready reckoner for tax offsets

    Amount claimed
    $

    Fortnightly Value
    $

    Amount Claimed
    $

    Fortnightly value
    $

    Amount Claimed
    $

    Fortnightly value
    $

    1

    -

    70

    3.00

    1173

    45.00

    2

    -

    80

    3.00

    1200

    46.00

    3

    -

    90

    3.00

    1300

    49.00

    4

    -

    100

    4.00

    1400

    53.00

    5

    -

    200

    8.00

    1500

    57.00

    6

    -

    300

    11.00

    1600

    61.00

    7

    -

    338

    13.00

    1700

    65.00

    8

    -

    400

    15.00

    1750

    67.00

    9

    -

    500

    19.00

    1800

    68.00

    10

    -

    600

    23.00

    1900

    72.00

    20

    1.00

    700

    27.00

    2000

    76.00

    30

    1.00

    800

    30.00

    2500

    95.00

    40

    2.00

    850

    32.00

    2535

    96.00

    50

    2.00

    900

    34.00

    3000

    114.00

    57

    2.00

    1000

    38.00

     

     

    60

    2.00

    1100

    42.00

     

     

    If the exact tax offset 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: 18 Feb 2015QC 39412