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2 weeks ago
Hi, could someone in the know tell how much i would lose per pay (weekly or fortnightly) if I dont claim the taxfree threshold? I should earn around the 105k for the year.
Most helpful response
Claim Tax-Free threshold:
Gross = $105,000
Tax = $26,247
Don't Claim Tax-Free Threshold:
Tax = $29,805
Difference = $3,558 / 26 = $136.85 per fortnight.
There are some cool tax calculators here that can help you do it yourself, as well.
Australian Taxation Office
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