December 18, 2015 7:20 AM
A new income tax threshold of $592,800 per annum comes into effect in the New Year on January 1, 2016, moving up from the current tax-free amount of $557,232.
The increase in the threshold means that the corresponding tax-free portion to be used by employers, as of January 2016, in making periodic payments is as follows:
$ 22,800.00 Fortnightly
$ 49,400.00 Monthly ...