Forum Discussion

SuFish's avatar
SuFish
Experienced User
2 months ago

PAYG Tax does not match ATO Tax Table

I paid someone yesterday a total of $1633.80 made up of Base Hourly $1400 and Public Holiday Loading $233.80.  The person has the Tax Free Threshold. Myob calculated the tax at $381 but when I check ...
gavin12345's avatar
gavin12345
Ultimate User
2 months ago

Hi SuFish 

 

If you look at the current ATO tax tables, for $1633 it shows $381 - so MYOB is calculating the correct amount. If you look at next payroll year's tax tables (apply from 1 July 2024) the amount might be different.

 

Regards

Gavin

  • SuFish's avatar
    SuFish
    Experienced User
    2 months ago

    Must have grabbed the wrong one. Thanks Gavin. I'll check again.