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  TAX - I to ZIncome Test Definitions      Saturday, 24 August 2019  

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Income Test Definitions


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Summary of Content on this Topic viewable by our subscribers
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  1. Calculators
  2. Which income for which purpose?
  3. Adjusted Taxable Income (ATI), Rebate Income, Income from Working, Medicare Surcharge Income, etc.
  4. Assessable Income
  5. Help Repayment Income (HRI)
  6. Division 293
  7. Income for Spouse Contribution Offset Purposes
  8. Links to expert information on Income Test Definitions

   
Which Income for which purpose
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The adjustments to taxable income - what they effect
Assessable Income GSCC SSCTO
Assessable Income less allowable business deductions GSCC
Taxable Income DTO HRI/RI LITO ML MLS SAPTO SCHIE SCLIE
Net Taxable Income from working MAWTO
Total Reportable Fringe Benefits GSCC HRI/RI MAWTO MLS SCHIE SSCTO
Total Reportable Fringe Benefits multiply by 53.5% DTO SAPTO SCLIE
Reportable Employer Super Contributions DTO GSCC HRI/RI MAWTO MLS SAPTO Note 1 SCLIE SSCTO
Tax Free Government Pensions DTO SCLIE
Exempt Foreign Employment Income DTO HRI/RI MLS SCLIE
Other Target Foreign Income DTO SCLIE
(excludes Foreign Fringe Benefits)
Net Investment Losses DTO HRI/RI MLS SAPTO SCHIE SCLIE
Deductible Personal Super Contributions DTO HRI/RI MLS SAPTO Note 1 SCLIE
Super Guarantee Contributions Note 1
Less: Excess Concessional Super Contributions Note 1
Less: Zero Rate Super Lump Sum withdrawals SCHIE
Less: Zero Rate Super Lump Sum withdrawals (age 55 to 59) ML MLS
Less:Deductible Child Support DTO SCLIE
Note 1: These items are not included in the definition of "income" but "all low tax super contributions" are used in the calculation of the tax.
The income definition for PHIR is the same as for MLS
DTO - Dependant Tax Offsets
GSCC - Government Super Co- Contribution
HRI/RI - HECS/HELP/SFSS Repayments
LITO - Low Income Tax Offset
MAWTO - Mature Age Workers Tax Offset
ML - Medicare Levy
MLS - Medicare Levy Surcharge
PHIR - Private Health Insurance Rebate
SAPTO - Seniors and Pensioners Tax Offset (Rebate Income)
SCHIE - Super Contributions High Income Earners
SCLIE - Super Contributions Low Income Earners
SSCTO - Super Spouse Contributions Tax Offset

   
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This page was last reviewed on 1 September 2018

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