Tax Calculation for Mr Sanjay an Australian Resident for F.Y 2018-19
Income from Salary 81506
Income from LTCG NIL
Income form STCG
- Mercentile Books (800*(19.90-14.80)) 4080
Income from Other Sources
- Dividend from JIL's Shares (2500*0.14) 350
- Dividend from MBL Shares (800*0.10) 80
- Dividend from DAL 107
Total Gross Taxable Income 86123
Deductions
- Donation to red cross 150
Total Net Taxable Income 85973
Calculation of Tax
Tax on Salary as per slab on 81356$ 17988
Tax on STCG @ 15% 612
Tax on Other Sources 161
Total 18761
Less: Tax Piad by Companies on Dividends 24
Total 18737
Medicare Levy @ 2% 375
Total Tax Payable 19112
ci. Sanjay is an Australian resident. His financial transactions during the 2018-19 tax year included the...
Simon is an Australian resident taxpayer who has undertaken the following transactions during the tax year ending 30 June 2019. Item number Transaction Particulars 1 Sold car Purchased on 1 March 2010 for $30,000. Sold on 20 April 2019 for $12,000 2 Sold painting Purchased on 1 January 2008 for $600. Sold on 3 February 2019 for $6,000 3 Shares sold in C Pty Ltd Purchased on 14 April 2013 for $10,000 and sold on 15 May 2019 for $20,000....
Simon is an Australian resident taxpayer who has undertaken the following transactions during the tax year ending 30 June 2019. Item number Transaction Particulars 1 Sold car Purchased on 1 March 2010 for $30,000. Sold on 20 April 2019 for $12,000 2 Sold painting Purchased on 1 January 2008 for $600. Sold on 3 February 2019 for $6,000 3 Shares sold in C Pty Ltd Purchased on 14 April 2013 for $10,000 and sold on 15 May 2019 for $20,000....
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