Income Statement

PAYG Income Statements Explained

How PAYG withholding and Income Statements fit into an Australian tax return.

Key point

An Income Statement shows salary, allowances and tax withheld reported by an employer through Single Touch Payroll.

Check the status

Tax ready means the employer has finalised the information. Compare employer names and figures with payslips.

If information is wrong

Contact the employer first. Do not edit reported amounts without reliable evidence and an appropriate reason.

Before you apply

Check that your information covers the correct Australian income year. Keep source documents and do not enter TFNs, passport numbers or bank credentials in ordinary messages.

This guide provides general information only. Tax outcomes depend on individual circumstances and current law. Check official ATO guidance or obtain personal assistance before lodging.