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Create Tax
Create Tax
Field | Description | Manual PAYG (extra payment) | Manual PAYG (different %) |
---|---|---|---|
Pay Component Type | Defaults depending on the button selected on the employee record | Tax | Tax |
Pay Component Sub Type | select ether salary or wages. This will affect how timesheets appear in the pay run. | Manual PAYG | Manual PAYG |
Description | Defaults from pay component sub type | Manual PAYG | Manual PAYG |
UOM | Defaults from pay frequency | Month | Month |
Quantity | if you enter 0 you will need to enter the number of hours during the pay run | 1 | |
Rate | Amount you want to pay per pay frequency | $500 | |
Amount | Quantity * Rate | $500 | |
Amount Per Period | Amount / Number of Periods | $500 | |
Is Percentage | Signifies if the calculation is based on a percentage and may need recalculating on pay slips | Unmarked | Marked |
Percent Type | Available if you select Is Percentage | Taxable Income | |
Percentage | Available if you select Is Percentage | 25% | |
Payee | Select the Vendor that will receive this payment | Australian Taxation Office | Australian Taxation Office |
Balance Sheet Account | Defaults from the vendor selected | PAYG Payable | PAYG Payable |
Start Date | Start date that this pay component becomes valid | 01/07/16 | 01/07/16 |
End Date | Leave blank or enter end date if variation is valid for a set period only. | 30/06/17 | |
Department | Enter if required | ||
Class | Enter if required | ||
Location | Enter if required | ||
Range Amount | Enter maximum amount – when reached it won’t deduct any more | ||
Reference | Reference number from ATO – and attach file | ||
Current | Marked | Marked | Marked |
Loading Rate |
Click on Save
To add another Pay Component, go back to step 11. Add Pay Components.
Or, move onto step 12. Finish Up.
, multiple selections available,
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