Forum Discussion

Kim_Green123's avatar
Kim_Green123
Experienced Cover User
3 years ago

PAYG

Hi MYOB,   Is PAYG calculating correctly for individuals? It seems to be higher than ATO rates.
gavin12345's avatar
gavin12345
Ultimate User
3 years ago

Hi Kim_Green123 

 

The PAYG rate MYOB uses depends on the settings you are using, for example weekly, fortnightly or monthly pays,  what tax table the employee is linked to, any Rebates or Extra taxes set, whether payroll categories are set to  be exempted from the PAYG calc etc. Look at all these and I'm sure you will find the cause for any discrepancy. If not, please post more details, such as all the settings, and the income amounts and PAYG calculated. Someone might then be able to suggest cause.

 

Regards

Gavin

 

 

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