You use the current balance at the time of lodgment, not the balance at the end of that particular financial year. I'm assuming the 12,XXX is the current debt.
"If you have a loan when you lodge your tax return and your repayment income is above the minimum repayment threshold, we will work out your compulsory repayment and include it on your notice of assessment. This will occur even if your tax return is for an income year before you started studying."
16 views
16 views1 replies
1 replies
16 views
1 replies