CTHRepealedLegislation
Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
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Turn the raw legal text into a practical explanation grounded in Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes).
Using formulas
Withholding amounts shown in this table can be expressed in a mathematical form. If you have developed your own payroll software package you will need to use the PAYG statement of formulas for calculating amounts to be withheld (NAT 1004). A copy of this schedule is available from www.ato.gov.au