The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.T.20 Taxable income


For the purposes of FA, taxable income has the same meaning as in the Income Tax Assessment Act 1997. It is generally the amount of assessable income received by an individual for an income year, minus any allowable deductions.

Act reference: FAAct section 3(1)-'taxable income'

Income Tax Assessment Act 1936 section 6(1)-'taxable income'

Income Tax Assessment Act 1997 Part 1-3 Core Provisions, Division 4 How to work out the income tax payable on your taxable income

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