Dependent offset calculations

Version
2020-21
Original Published Date
Effective Date
Status
Current
Tax Category
Payroll
Tax preparation
Resource Type
Statement of formula / rates and thresholds
Description

The attached spreadsheet provides 2020–21 indexation of rebates as per section 159HA of the Income Tax Assessment Act 1936 and Subdivision 960-M of the Income Tax Assessment Act 1997.

Note: The Net Medical Expense Tax Offset was phased out entirely on 30 June 2019.

Last modified date
Mon 25 May 2020