I have been hit with a further charge as I have been given too much Private Health Rebate based on my income in 2023-24. What I don't understand is HOW the amount is calculated?
I'm single, under 65yrs, taxable income greater than $144k.
ATO Tables say therefore I'm "Not Eligible"......have no idea what this means or how to actually calculate the charge to verify the ATO has it correct in my Tax Assessment.