TCTM07050 - Calculation of entitlement: Step 4 - Summary for the total tax credits due for each entitlement period

»Ê¹ÚÌåÓýapp Tax Credits (Income Thresholds and Determination of Rates) Regulation 2002, Regs 7(3) Step 12, and 8(3) Step 8

»Ê¹ÚÌåÓýapp actual tax credits entitlement for a relevant period is found by comparing the family’s income for the relevant period with the income threshold for the relevant period.

»Ê¹ÚÌåÓýapp total tax credits due for each entitlement period is the sum of the amounts of

  • WTC work elements
  • WTC child care elements
  • CTC child elements
  • CTC family elements

Calculated in step 3 (TCTM07040).

See worked example (TCTM07APPX2)