Comments on: Australian Income Tax Spreadsheet Formula

By: promo86

promo86 — Fri, 16 Jul 2010 14:26:40 +0000

thank anyway for the very helpful formula... i can manage my income tax problems in a well manner.

By: Ross

Ross — Wed, 14 Jul 2010 07:48:45 +0000

This is great as a start. I am trying to do this by the month though, so if I predict the number of days I will work in a month and know my daily rate, I can put the correct tax aside to pay the man! Ideally, I would like to ‘average that out’, but I can’t seem to work out how to do this. Do you have any thoughts on this? – Doesn’t have to be perfect, just a good gut feel so I don’t get stung!

Cheers Muchly in advance

By: Matt

Matt — Mon, 07 Sep 2009 09:17:15 +0000

Thanks for the formula Adam.

Works great in Filemaker too (as expected):

Cut and paste into Filemaker, substitute ‘A1′ for the field containing your taxable income figure. Easy!

By: Adam Pierce

Adam Pierce — Mon, 24 Aug 2009 11:32:10 +0000

This is just a straight income tax calculation. It does not take into account any special tax office rules.

Glad to see it works OK in Excel with just a minor modification.

By: Peter

Peter — Mon, 24 Aug 2009 09:42:51 +0000

Hi Adam

I have compared you formula against the current TWC Calculator provided by the ATO.
When i select that I am entitled to Annual Leave it will provide me a different figure

Can you explain why that is?

Also in excel, a comma(,) is require instead of a semi-colon(;) as a separator between tests

Thanks