Hello,
I got my Notice of assessment last week and I am trying to work out if the result is correct but I am having trouble understanding it.
1) if I have Tax on your taxable or net income with a certain amount under Debits, does that mean the amount of Tax I should be paying?
2) And under Less non-refundable tax offsets- Low income offset calculated by us and Less refundable tax offsets - Private health insurance rebate there are certain amount under Credits, do they mean the amount should be deduct and therefore act as the amount as the parts I already paid
3) Does Less Pay as you go (PAYG) credits and other entitlements - PAYG withholding (eg tax deducted by your employer or bank) means the amount of tax I already paid?
Thank you so much!
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