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Linsiew's avatar
Linsiew
Contributing User
20 days ago
Solved

Wrong PAYG amount deducted

For this pay the PAYG is calculated from the amount $1717.04-388.6 (novated lease). The amount for PAYG deduction is $1328.44, from the ATO tax table the amount deducted should be $249, but MYOB is deducting $255. I'm using the correct tax rate. Please help!!

 

  • Linsiew's avatar
    Linsiew
    20 days ago

    Hi all, I've figured out the discrepancy. Its the STSL tax I didn't take into account. Oops..

1 Reply

  • Linsiew's avatar
    Linsiew
    Contributing User
    20 days ago

    Hi all, I've figured out the discrepancy. Its the STSL tax I didn't take into account. Oops..

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