Only complete labels U, X, V if you are an RSA provider.
RSA providers other than life insurance companies work out the RSA component of their taxable income and apply the applicable tax rate to that component.
Click labels U or V to open generic worksheets at these labels for record keeping and dissection. See Generic Schedule / Worksheet.
If you are an RSA provide, label U is mandatory.
Show at label U the no-TFN contributions income of the RSA provider.
We'll calculate the tax payable on label U and default it to label X.
The calculated amount at label X flows to the Calculation statement and included at label B Gross Tax.
Show at label V the:
- RSA component of the taxable income of the RSA provider that is not a life insurance company, or
- amount to be included in the complying superannuation class of the taxable income of a life insurance company that is referable to RSAs provided by the company.