Find out here if you're eligible for the IETC and how much you might be entitled to, depending on your income and circumstances.
|If you ...||then you'll be entitled to the IETC for every month that you ......|
|have an annual income between $24,000 and $48,000 for the tax year (usually 1 April to 31 March)||
IETC entitlement is calculated based on whole months, so if any of the situations above apply to you for part of a month, your IETC entitlement stops for that whole month.
When does the IETC start and stop?
|If you're ...||then you'll ...||and ...|
|an employee||start to receive the IETC from the first payday after you give your employer the correct tax code||your employer will continue to include it in each pay until you advise them to change your tax code to a code that isn't ME or ME SL.|
|not an employee||advise us the period of the year you were eligible on your personal tax summary or Individual tax return (IR3)||receive the credit in your end of year assessment.|
Date published: 06 Mar 2009
Back to top