Hi,
I just wanted to understand the part where we claim tax deduction by paying personal non-concessional Super contribution from take home salary when filling tax returns with example.
Let's say contributing $1000/- per month ($12k annually) from take home salary, this is over and above concessional cap of $30k (employer contribution +salary sacrifice) for FY 2025-26, which sums up to total Super contribution for the FY as $42k.
At the end of FY when filing tax returns let's say taxable income is $120k after standard deductions (if any), so does it mean we can add $12k (after tax super contribution) as deduction at this stage to bring the taxable income down to $108k? If yes, please advise under which section in Tax return step and option we should add it and how to verify?