Individual income tax return guide 2011 - Inland Revenue Department

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Worksheet for ACC earners’ levy
Earnings to up 30 September 2010
Copy your taxable earnings for the period
1/04/2010 to 30/09/2010 from salary and wages
into Box 1.
Copy your taxable earnings from salary and
wages that are not liable for ACC earners’ levy
to Box 2. See page 18 for a list of income not
liable.
Subtract Box 2 from Box 1. Print the answer
in Box 3. If the answer exceeds the maximum
liablie earnings of $110,018, print $110,018 in
Box 3, as this is the maximum earnings liable.
Multiply Box 3 by 0.02 (2%), and enter in Box 4.
This is your ACC earners’ levy for the first half
of the year. If the amount you have calculated
equals 2200.36, you can stop here as this is the
maximum ACC earners’ levy you are required
to pay.
Earnings from 1 October 2010 to 31 March
2011
Copy your taxable earnings for the period
1/10/2010 to 31/03/2011 from salary and wages
into Box 5.
Copy your taxable earnings from salary and
wages from 1/10/2010 that are not liable for
ACC earners’ levy to Box 6. See page 18 for a list
of income not liable.
Subtract Box 6 from Box 5. Print the answer
in Box 7. If the answer exceeds the maximum
liable earnings of $110,018, print $110,018 in
Box 7, as this is the maximum earnings liable.
Multiply Box 7 by 0.0204 (2.04%) and enter in
Box 8. This is your ACC earners’ levy for the
second half of the year.
Add Box 4 and Box 8. If the amount is larger
than $2,244.36 write $2,244.36 in Box 9. This is
your ACC earners levy. Copy this amount to
Box 11D of your return.
Copy your total PAYE from salary and wages to
Box 10. Copy this amount to Box 11A of your
return.
Copy your total ACC earners’ levy from Box 9
(above) to Box 11.
Subtract Box 11 from Box 10 and print the
answer in Box 12.
This is your total tax deducted. Copy this
amount to Box 11E of your return.
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