The tax instalment tables for PAYG wage and salary earners can be obtained in a number of different ways.
Printed Tables – downloadable PDF files
Includes weekly, fortnightly, monthly and quarterly tax instalment schedules
The Mobile App – free from the Tax Office
The Tax Office has released a free mobile app which contains a number of handy tax tools, including a salary and wage PAYG tax withholding calculator.
Also included in the app are functions to:
- work out if your worker is an employee or contractor for tax and super purposes
- search Small Business Assist to find relevant information and YouTube video explanations on a range of topics
- see how quickly you can pay off a tax debt with a payment plan
- track the progress of your individual income tax return after you have lodged
- view income tax rates for the current financial year
- lodge your tax return with myTax
The app can be downloaded from the Tax Office’s website here
Desktop Spreadsheet Calculator
This simple spreadsheet covers weekly, fortnightly, monthly and quarterly tax instalments calculations using the formulae published in ATO document number NAT 1004 covering common calculation scenarios Scales 1 to 6 including residents, non-residents and offsets. (MS Excel for PC “.xls” compatibility version 97-2003)
The price is $4.97 including gst.
PAYG Tax Instalment Deductions For Employees
The required tax instalment deductions from employees’ pays in are set out in tax tables normally updated annually by regulations and published by the Tax Office in hard copy and PDF formats.
The tax tables are intended to provide an estimate of the final tax payable when an employee lodges his or her tax return for assessment at the end of the financial year.
Significant changes were made to the tax scale in 2012-13 – see Comparison of 2013 and 2012 Tax Rates. There were no further changes in the basic scale until 2014-15 when the medicare levy basic percentage increased by 0.5% and a 2% levy added to the top marginal tax rate.
Tax instalment rates are slightly more than the actual tax rate. So all things being equal, an employee with nothing other than wages to put in their tax return, could normally expect a small refund on the final tax assessment.
This also means that there is normally a small difference between the tax calculated by the tax instalment tables compared to an annual income tax calculation based on the actual tax rates.
This page was last modified on 30 June 2014