Australian Taxation Office created several tax tables to help accountants to calculate tax witholding amount.
Most popular tax tables are used to calculate witholdings when payments are made:
- weekly (NAT 1005),
- fortnightly (NAT 1006),
- monthly (NAT 1007), and
- tax table for daily and casual workers (NAT 1024)
Weekly tax tables are most popular in Australia. However, instead of using tax tables, you can use our calculator to do weekly tax calculations in a simpler and quicker way.