Tax Tools - Credit for Interest

Some difficulties may be encountered using this tax calculator with screen reader applications. The Tax Office is working toward developing a fully accessible version of this tax calculator. If you encounter difficulties please phone us on 132861 and select 4 and then select 3 for a staff member trained to assist with Credit for Interest

Credit for interest on early payments calculator

Version 2.2.0

Takes 2 to 5 minutes to complete

The Credit for interest on early payments calculator will help you calculate your entitlement to a credit for interest on early payments of tax for the following income years:

2010–2011
2011–2012
2012–2013

This calculator does not determine eligibility or calculate entitlement to a credit for interest on overpayments of tax and delayed refunds of running balance account (RBA) surpluses. The ATO will automatically calculate these amounts for you.

Who should use this calculator

Only individuals and taxable trusts should use this calculator. It should not be used by companies, superannuation funds, corporate unit trusts and public trading trusts.

Information you will need

Notification from the ATO showing the date of the notice(s), the amount(s) owing and the due date(s).
Details of your date(s) of payment(s) - shown on your bank statement or receipt from the post office or the ATO (allow three extra days if you posted your payment).

Disclaimer

This calculator provides an estimate only, based on the information you provide.

Takes 2 to 5 minutes to complete