Calculate Your Tax
Taxation is a dirty word to most, as everyone is trying to minimize their tax.
RoBep helps you to minimize your tax by claiming all your legitimate
deductions.
Here is the current
Individual Income Tax Rates for.
2008/2009, 2009/2010
Looking to
calculate your tax from your take home Pay after tax?
Click
here and put gross income into the following screen,
remember to change your pay
cycle.
check if you are claiming the tax free threshold or not.
Looking to calculate your tax for the year?
First you need to calculate your Taxable
Income.
Taxable Income = Gross Income (Income you received + Tax
Paid) Less your deductible expenses.
Then click here and put it into the following screens. This
will calculate the tax.
To see if you have a refund or payable you now need to
do another calculation
A = Taxable Income
(TI)
$ , .XX
B = Tax
Calculated $
, .00
C = Add Medicare Levy 1.5% of
TI
$ , .00
D = Add Surcharge 1% of TI if No Health Insurance
$ , .00
E = Calculate Tax To pay (B + C +
D)
$ , .00
F = Less Tax You Have Paid
Tax (Refund) Payable E - F
if -Negative = Refund
If +Postive = Payable
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