Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-10 - PAY AS YOU GO (PAYG) INSTALMENTS  

Division 45 - Instalment payments  

Subdivision 45-J - How Commissioner works out your instalment rate and notional tax  

SECTION 45-335   45-335   WORKING OUT YOUR ADJUSTED WITHHOLDING INCOME  


Your adjusted withholding income for the *base year is:
  • the total of the amounts included in your assessable income for the *base assessment in respect of *withholding payments (except *non-quotation withholding payments);
  • reduced by:

  • your deductions for that year, as used in making that assessment, to the extent that they reasonably relate to those amounts.

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