INCOME TAX ASSESSMENT ACT 1997 - SECT 392.70 Working out your gross averaging amount

INCOME TAX ASSESSMENT ACT 1997 - SECT 392.70

    Your gross averaging amount is the amount of the difference between the following amounts worked out under section   392 - 35:

  (a)   the income tax you would pay at the comparison rate;

  (b)   the amount of income tax that you would pay on your * basic taxable income for the * current year at * basic rates.