You may have received amounts that aren’t subject to tax, so they aren’t included as part of your assessable income, but they may be used in other calculations on your tax return. These types of income divided into the following categories:
You do not need to pay tax on exempt income but it may be used for other calculations. Exempt income includes:
You do not need to pay tax on Non assessable, non-exempt income but it may be used for other calculations. Non assessable, non-exempt income includes:
Generally, you do not have the declare the following:
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Established in 1999, Infinity Group is a multi-service firm that specialise in the areas of Finance, Property, Accounting & Taxation, Insurance and Migration Services.