This sheet calculates the estimated tax payable or refundable for
an individual for the 2004 financial year. Medicare levy, tax
offsets, tax credits and HECS debt repayments are either calculated
or allowed for under the most commonly encountered circumstances.
This tax calculator does not attempt to calculate tax for
all possible situations. It covers the most common circumstances. In
particular, the calculator does not cover ‘part-year spouse’ or
‘live apart due to illness’ situations.
Features:
Calculates gross tax, Medicare levy (including surcharge), HECS debt repayments and tax offsets for the most common circumstances
Allows direct entry of other tax offsets and tax credits to be included in the calculation of net tax payable
Quick summary always visible
More detailed summary available
Messages and coloured cells are a guide to required data entry areas
Simple Taxation Calculator 2004
