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By: ramudi_1
23/08/2008
4:19 pm

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  ramudi_1

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Salary Packaging Reply to this message
Hi,

I am planning to buy a laptop through Salary packaging. Could some one help me verify my understanding.
Is there a better and simpler formula to calculate the benefits?

Tax Bracket - 30%
Laptop Price - $1800
Monthly Gross Salary: $5500
Usual Monthly Net Salary: $3500 ( i.e less tax withholding and super)
On the laptop purchase month- Net Salary would be ($5500 - $1800 - 9% Super - 30% Tax withholding) - $2200

Thanks,
Raj
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