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27
Apr
  • Posted By : admin
  • Category: Deductions
  • Comments: 0

Work related uniform, occupation specific or protective clothing, laundry and dry cleaning expenses

As a taxpayer you can claim the cost associated with buying and cleaning work-related clothing. ATO allows an individual tax payer to claim the cost incurred to purchase certain work related uniform, ...

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27
Apr
  • Posted By : admin
  • Category: Deductions
  • Comments: 0

tax deduction on work related car & travel expense

Car Expense An individual can claim deductions for car expense if the individual uses his/her own car for work related purpose as an employee. Scenarios include the following: If Individual c...

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27
Apr
  • Posted By : admin
  • Category: Income
  • Comments: 0

Individual income tax rates and how the individual gets taxed on his or her taxable income

Individual income tax rates The individual income tax rate is a rate that calculates the amount of tax you need to pay on your income. These tax rates will depend on your income year and your resid...

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27
Apr
  • Posted By : admin
  • Category: Deductions
  • Comments: 0

Tax deduction

Tax deduction will reduce the income that is able to be taxed, and is commonly occurred as a result of expenses, particularly for those expenses which are incurred to produce additional income. The di...

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27
Apr
  • Posted By : admin
  • Category: Income
  • Comments: 0

Allowances and other employment income

Assessable income is basically net gross income. The most common item of assessable income is salary and wages income. But there are other income items which are known as allowances and other employme...

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