How do I work out the ATO instalment rate at T2?
The ‘ATO instalment rate’ is your instalment rate that is worked out by the Tax Office based on the most recent assessment for your last income tax return that has been lodged. If this is your first PAYG instalment for the income year the instalment rate pre-printed at T2 will be the one calculated by the Tax Office. If this is not your first PAYG instalment for the income year the instalment rate pre-printed at T2 will either be the ‘ATO instalment rate’ calculated by the Tax Office or the varied rate you have notified on a previous activity statement for the income year.
