PAYG Tax Withholding in MYOB is different to ATO Tax tables
Hi, I am paying an employee a weekly pay of $942. The tax taken out in MYOB is $142 but the ATO weekly table has $124 tax. The employee is claiming the tax free threshold. What could I be doing...
Hi Mel789
The PAYG always includes any Medicare - this is normal. Re-check your figures. The ATO documentation shows $142 for a gross weekly on $942. This may change after 1 July 2024 but not before.
Regards
Gavin
gavinw222@gmail.com
