Your income is declared on your tax return each year. Most of this information is pre-filled from details we receive from employers and financial institutions, but there is some you will need to record manually.
Regardless of whether your income is pre-filled or manually entered, you need to make sure it is accurate and complete.
The links below provide information on the types of income you need to declare:
- Employment income
- Super pensions, annuities and government payments
- Investment income (including interest, dividends, rent and capital gains tax)
- Business, partnership and trust income
- Foreign income
- Other income, including compensation and insurance payments, discounted shares under employee share schemes, and prizes and awards.
For more information please visit https://www.ato.gov.au/Individuals/Income-and-deductions/Income-you-must-declare/