The Child Care Subsidy (CCS) in Australia is based on a family’s adjusted taxable income. Adjusted taxable income takes into account various factors, including gross income, deductions, and exemptions. It is the income amount used to calculate eligibility and subsidy rates for the CCS.
Adjusted taxable income includes:
- Assessable income (such as salary, wages, and business income)
- Fringe benefits
- Net investment losses
- Rental property losses
- Reportable super contributions
- Certain types of government payments (such as parental leave pay and Dad and Partner Pay)
On the other hand, adjusted taxable income does not include:
- Family tax benefit
- Child Care Subsidy
- Child support received
- Government allowances, such as the age pension or disability support pension
It’s important to note that specific rules and calculations are applied to determine a family’s adjusted taxable income for the purpose of assessing Child Care Subsidy eligibility and rates. It is advisable to consult the official Australian government websites or contact the Department of Education, Skills, and Employment for precise and up-to-date information regarding the income assessment process for the Child Care Subsidy.