2007-01-03 15:14:46 · 5 answers · asked by Dor 2 in Business & Finance ➔ Taxes ➔ Australia
The tax paid on income is the same regardless of the source. It doesn't matter if it's casual wages, permanent wages, investments income or any other form of income.
The income is added up at the end of the financial year and the tax to be paid is calculated. If you have had too much tax taken out of your pay packet, you get a refund. If there is not enough taken out, you get a tax bill.
2007-01-03 16:13:53 · answer #1 · answered by Quaven 2 · 0⤊ 0⤋
No. It doesn't matter what your emplyment terms are, the tax rates and brackets are stil the same. There are different tax rates for residents and non-residents though. Non-residents are taxed on every assessable dollar whereas residents have the $6000 tax free threashold. If you are casual and you earn over $450 per month your employer under the current taxation legislation has to pay a contribution to your superannuation. Many casual workers do not know this and loose out on this important investment.
2007-01-06 05:56:34 · answer #2 · answered by Diana K 1 · 0⤊ 0⤋
Adding to Quaven's rather generic answer, if your income is under 6K/annum (according to when your employer is required to submit his financial statement), you don't have to pay income tax :) I post a link below where you can find the income tax rates.
2007-01-04 07:36:10 · answer #3 · answered by loki_niflheim 3 · 0⤊ 0⤋
No you don't get taxed less, the same as everyone else.
2007-01-03 23:24:14 · answer #4 · answered by Stoosha 2 · 0⤊ 0⤋
wow no idea
2007-01-03 23:16:39 · answer #5 · answered by LagunaModel007 1 · 0⤊ 0⤋