If you earn your income as an IT professional, this information will help you to work out what:
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Your income statement or a payment summary shows all your salary, wages and allowances for the income year. Include all the income you receive during the income year in your tax return, regardless of when you earn it, including:
Don’t include reimbursements.
You must include your salary and wages as income in your tax return. Include any bonuses.
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Include all allowances shown on your income statement or payment summary as income in your tax return.
You may receive an allowance to:
If your employer pays you:
You may receive allowances:
These payments don’t cover you for expenses you might incur. Include these allowances as income in your tax return.
If you receive an allowance from your employer, you aren’t always entitled to a deduction as it depends on the situation. See Deductions.
Your employer may not include some allowances on your income statement or payment summary. This can apply to travel allowances and overtime meal allowances paid under an industrial law, award or agreement. You can see these allowances on your payslips.
If the allowance isn’t on your income statement or payment summary, and you:
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If your employer pays you the exact amount for expenses you incur (either before or after you incur them), the payment is a reimbursement. We don’t consider a reimbursement to be an allowance.
If your employer reimburses you for expenses you incur:
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Last modified: 18 Feb 2021QC 26103