Tax Tables

Tax Tables provided by the ATO are stored and are pre-loaded into Preceda when delivered. The formula for the tax calculation is supplied by the ATO and is printed in a publication titled Schedule 1 Pay as You Go (PAYG) statement of formulas for calculating amounts to be withheld.

Prerequisites

No prerequisites

Rules and Guidelines

As and when updates are issued by the ATO, they will need to be updated.
Tax Tables are used along with the Tax Record and Tax Zone and Rounding details, in the calculation of tax.
Tax Tables may be manually entered or the Security Officer can download the newest tables when advised.
Any changes made to this record must be fully tested to ensure the results comply exactly with tax tables published by the ATO.
Under no circumstances will responsibility be taken for inaccurate tax calculations arising from incorrect manual changes of these records.

Field Information

Code*

The value of this field must be in accordance with the current tax scales.

Code	Description
1	No General Exemption
2	General Exemption
3	Non-Residents
4	No Tax File Number
5	No Medicare Levy
6	Half Medicare Levy
8	Foreign Resident - No Tax File Number
A	Senior Single
B	Senior Illness Separated
C	Senior Member of a Couple
D	HELP for Tax Scale 1, D has a 2nd set of 3 records. (phased out at end of 2018/2019 and replaced by W)
E	SFSS for Tax Scale 1 (phased out at end of 2018/2019 and replaced by W)
H	Help for Tax Scale 2, H has a 2nd set of 3 Records (phased out at end of 2018/2019 and replaced by T)
S	SFSS for Tax Scale 2 (phased out at end of 2018/2019 and replaced by T)
T	STSL- Tax-Free Threshold Claimed for Tax Scale 2
W	STSL - No Tax-Free Threshold Claimed for Tax Scale 1

Record Number*

The value of this field must identify the factor used in the calculation formula.

Code	Description
1	Weekly Maximum Earnings
2	Factor B
3	Factor A
5	Weekly Maximum Earnings (11-20)
6	Factor B (11-20)
7	Factor A (11-20)