Change log

Version Modifier Comments

1 Peter Apana Original model

Instructions

Overview

The Tax Calculator analyses the impact of changes in the annual base salary, SDMA and dependents on individual level
This enable analysis of the overall tax impact on indvidual on an annual Salary
For basic use, it should only be necessary to modify the Tax Calculator tab

Note
The Education rebate has been repealed in 2018
ndents on individual level
Note: enter appropriate data on cells highlighted yellow

Salary
Base Salary 20,000.00 Enter annual Base Sala
SMDA 9,500.00 Enter SDMA
Total Annual Salary 29,500.00
Gross per fortnight 1,134.62

Dependent 0 enter number of Depe

Tax
Annual Tax 4,500.00
Dependent Rebate -

Final Annual Tax 4,500.00

Tax Per Fortnight 173.08

Net Annual Income 25,000.00

Net Income per fortnight 961.54

Deduction
NASFUND Contribution per forthnight 46.2
% Contribution 6% Enter NASFUND rate
Voluntary Contribution per forthnight 0 Enter VC amount
Deduction 1 per forthnight 100.00 enter decution amount
Deduction 3 per fortnight enter decution amount
Deduction 4 per forthnight enter decution amount
TOTAL DEDUCTION per forts 146.15

FINAL NET INCOME per forths 815.38

Enter annual Base Salary
Enter SDMA

enter number of Dependents

Enter NASFUND rate

Enter VC amount
enter decution amount
enter decution amount
enter decution amount