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  • Credit for interest on early payments calculator

    The credit for interest on early payments calculator will help you calculate your entitlement to a credit for interest on early payments of tax made from 1 July 2013 to 31 March 2022.

    This calculator does not determine eligibility or calculate entitlement to a credit for interest on overpayments of tax and delayed refunds. We will automatically calculate these amounts for you.

    On this page:

    Before you use the calculator

    The calculator results are based on the information you provided at the time of calculation. You should use these results as an estimate and for guidance purposes only.

    Early payments

    A payment made to the ATO for certain tax debts may qualify for early payment interest if the payment was made more than 14 days before the due date.

    The following are not early payments:

    • pay as you go (PAYG) withholding amounts including
      • amounts withheld from interest, dividends and royalties
      • amounts withheld by payers (including those withheld for HELP, VETSL, SFSS, TSL, SSL or ABSTUDY SSL)
    • PAYG instalments.

    Who should use the calculator?

    Only individuals and taxable trusts should use this calculator. It should not be used by companies, superannuation funds, corporate unit trusts and public trading trusts.

    You will need:

    • notification from the ATO showing the date of the notices, the amounts owing and the due dates
    • details of your dates of payments, shown on your bank statement or receipt from the post office or the ATO. Allow three extra days if you posted your payment.

    Access the calculator

    Last modified: 10 Dec 2021QC 18049