Calculating tax due

Step 1 of 3

Calculating tax

Many people like to do their own tax calculation to get an idea of whether they are due a refund or have a tax debt.

If you lodge via myTax  you will be given an estimate of your refund or tax due before you lodge your return.

 

  • Fact 22

    The changeover to decimal currency in 1966 created a massive amount of work for the ATO. In NSW alone, staff manually converted 200,000 accounts worth $450 million.

Notice of assessment

The notice sent to an individual after their tax return has been processed, advising them of the tax they owe or their refund entitlement.

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