This online calculator is not correct. For example, $150,000 family income,1 kid in long day care for 48 weeks, 50 hours per week with fee of $600 per week. The calculator shows the CCR is $8,125. This is definitely incorrect as since June 2012 the CCR limit is $7,500.
If you need a working calculator, please download the Excel one (which is recommended by forum member JSCnO) from the link below:
http://www.investmentpropertycalculator.com.au/...
In addition, new child care subsidy will replace CCB & CCR in July 2018. If you want to know the difference, you can use the above-mentioned Excel calculator as well.
It seems that the online child care subsidy calculator from
http://www.childcaresubsidycalculator.com.au/ estimates CCS payments as well as the one from
https://www.goodstart.org.au/rebate-estimator.
Cheers,
Patrick
Maddie1988 wrote:
I know this thread is very old but in case if some other mom is wondering how to calculate CCB or CCR you can follow the child care calculator at http://www.childcarecalculator.com.au/