Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 392.30

This Subdivision explains how to work out whether you are entitled to a tax offset for the current year or whether you must pay extra income tax for the current year.

Table of sections

Tax offset or extra income tax

392 - 35   Will you get a tax offset or have to pay extra income tax?

How to work out the comparison rate

392 - 40   Identify income years for averaging your basic taxable income

392 - 45   Work out your average income for those years

392 - 50   Work out the income tax on your average income at basic rates

392 - 55   Work out the comparison rate