I'm paid for using my car to travel to various work sites (not the office) at both the ATO per km rate of .88c and also an additional .10c above this rate.
It appears the above the rate component is being taxed each pay cycle but the agreed ATO rate component is not, however both components come up under my taxable income on my income statement for the year.
I would have thought the ATO rate component would be non taxable, or do i claim it back as a deduction in my tax return. If I am to claim it back I have surpassed the 5000km limit.
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1,429 views6 replies
6 replies
1,429 views
6 replies