Good Afternoon,
I am trying to create a pay run for 24/06/24 - 30/06/24 but the PAYG is less than previous pays and therefore the employee payment is higher. Please explain why this is? I thought the tax cut was from 1/07/24? Your assistance is greatly appreciated.
Kind Regards
Kristy
The pay run is calculated on the payment date. so new tax tables will apply to this pay.
Further to this, the payment date is 1st July (bank transaction paid on 1/7) and if I do a test pay run and put payment date as 30th June it calculates correctly. Why does it matter what date it's paid? Shouldn't the PAYG rate only calculate on the date the money was earned?
The pay run is calculated on the payment date. so new tax tables will apply to this pay.
Ok thank you!
Hi LSolutions,
We're glad to hear that the solution provided by Dawn09 was able to explain this issue. If you have any more questions, feel free to start a new post, and we'll be happy to assist you further.
Regards,
Earl
