This article will provide you with the Fortnightly Tax Table 2024-2025 PDF, ATO Fortnightly Tax Table & Codes. The Australian Taxation Office provides employers with a tax table for calculating the amount that the employer shall withhold. It varies for differences in the frequency of payments like weekly, fortnightly or monthly. This article states the essential points related to the Fortnightly tax table.
Fortnightly Tax Table 2024
All business owners in Australia are supposed to reserve funds from the remuneration paid to their employees or contractors they work with. This amount shall be sent to the ATO as a payment for the employee’s year-end tax obligations.
Australian business owners pay their employees in varying frequencies. They make payments once in seven days, fourteen days, or thirty days. The ATO also has a tax calculator available on their website, which employers can use to calculate the exact amount. To use it, one shall need all the relevant details of the employee.
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ATO Fortnightly Tax Table 2025
The amount that is withheld also varies depending on whether the employee has opted for a tax-free threshold or not. We have provided the fortnightly tax table below for your reference.
| Earning | Tax-Free Threshold | No Tax-Free Threshold |
| $100 | $0 | $18 |
| $300 | $0 | $62 |
| $500 | $0 | $110 |
| $724 | $2 | $162 |
| $1000 | $66 | $224 |
| $2000 | $324 | $566 |
| $3000 | $670 | $912 |
| $5000 | $1378 | $1650 |
| $6550 | $1982 | $2282 |
We have listed a few of the earnings and their respective amount, which are to be withheld by the employer. Employers shall calculate the amount based on it and then send the remunerations to the employees and other groups of people they work with.
Fortnightly Tax Table Codes
In case the earnings are between $6550 and $6922 and the employee has opted for a tax-free threshold, the employer has to withhold $1982 in addition to thirty-nine cents for each dollar earned above $6550. If the earnings are more than $6922, you must withhold $2182 along with an additional forty-seven cents on each dollar earned above the mentioned amount.
In case the employee has not opted for a tax-free threshold and earns more than $6550, you must withhold $2282 along with forty-seven cents for each dollar above the given amount.
Usage of Fortnightly Tax Table
The fortnightly tax table shall be used as instructed below to ensure there are no errors.
- Firstly, the gross remuneration must be calculated, which shall include bonuses or any amount apart from the fixed salary.
- After ascertaining the gross income, you shall make the required deductions based on whether the employee has opted for a tax-free threshold or not. The amount will be mentioned in front of the row, citing the salary of the employee.
- Make sure that you are using the appropriate table based on the frequency of your payment, fortnightly in this case.
- Then, the employer shall determine the taxable income and search for it in the table.
- You will find the tax, which shall be deducted from the gross remuneration, which will be mentioned in front of the income amount.
Employers must note that the tax table mentions the amount, considering that the employee works with the particular company for the entire year. In any other case, you must ascertain the amount properly and withhold the tax based on that.
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How to Download the Fortnightly Tax Table 2024-2025 PDF?
The Fortnightly tax table can be downloaded after using the steps explained below.
- It would be best if you choose a web browser compatible with the software on your device.
- Then, go to the leading web portal of the Australian Taxation Office.
- From there, you will have to look for the ‘Tax Professionals’ tab on the main menu.
- In the dropdown, search for tax rates & code under the ‘Key Links’ heading and tap on it.
- On the next page, you will see several links. Look for Tax Tables, and under it, you will find the link for ‘Fortnightly tax table’.
- Tap on the link, and another page will open on the screen.
- Scroll down a bit to find the link to the PDF of the tax table. Tap on it to open.
- From the table, you shall now calculate the amount to be deducted for withholding for tax payment to the ATO.
These steps shall aid you in locating the PDF file on the web page and accessing it.
