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Prerana's avatar
Prerana
User
4 years ago
Solved

Regarding tax

Cannot make tax zero for bonus payment of $6192.29 .The tax recalculated as -0.09.

 

But for the amount $6192.00 the tax won't be recalculated.

Can you please help me to make tax zero in the pay of $6192.29. Otherwise I cannot match up with bank feed. 

Thank you

  • Steven_M's avatar
    Steven_M
    4 years ago

    Hi Prerana 

     

    Looks like you have a value in Setup>>General Payroll Information - Round Net Pay Down to a Multiple of x cents. Having this value added will cause the system to round that net pay down. As that rounding value needs somewhere to go it places the cents into the PAYG value (ATO not caring for cents).  Setting that Round Net Pay Down to be 0 should not produce the PAYG value on that pay.

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  • Steven_M's avatar
    Steven_M
    Former Staff
    4 years ago

    Hi Prerana 

     

    Looks like you have a value in Setup>>General Payroll Information - Round Net Pay Down to a Multiple of x cents. Having this value added will cause the system to round that net pay down. As that rounding value needs somewhere to go it places the cents into the PAYG value (ATO not caring for cents).  Setting that Round Net Pay Down to be 0 should not produce the PAYG value on that pay.