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#143175 5-Apr-2014 15:22
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So I'm just having a nosey at how much I paid in Tax this year, and working it out based on the calculator how much I should have paid.

Depending on how you look at it, I'm either under or over.

Does the calculator include or exclude the ACC levy? 



If I take the figure from my income tax, including ACC Levy, it comes out that I've over paid. If I take away the ACC levy, it says I've under paid by $50ish. Which is correct?

https://brc1.ird.govt.nz/web-determinations/screen/Tax+on+Annual+Income+Calculator/en-GB/summary?user=guest





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  #1019197 5-Apr-2014 21:19
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The figure you get from the ird online calculator is PAYE only, the figure on your end of year summary from your employer is PAYE paid plus 1.7%(of gross) ACC levy

To figure out if you owe or not, take the IRD calculated figure, add the 1.7% of gross ACC levy, if the sum of those is bigger than than what is on your end of year summary then you owe, if it's smaller then the IRD owe you.


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