Part year tax free threshold not calculating correctly for Resident

[Susanpsz]

Good afternoon

We have a client who became resident on 1/3/2013 for the 2013 year.

We have entered the correct information in A2, i.e Commenced (C) on 1/3/13 and the tax should be calculated using a  tax free threshold of $6,067 (4 months). However, the estimate has a different amount for the tax free threshold (i.e. $15,043), does anyone have any idea what have gone wrong? 

[Linda_K · Accepted solution]

Hi @Susanpsz,

Thank you for your post and welcome to the Community Forum.  We hope you find it a valuable resource.

$15,043 is correct for the 4 month of residency.  Please refer to the following ATO webpage for more information:

https://www.ato.gov.au/General/Tax-terms/In-detail/Employment,-income---tax-returns/What-is-the-tax-...

[Susanpsz]

Thanks a lot!