Taxes - Variation
Hi,
I have had a request from an employee to update their tax witholding as follows:
Claim tax-free threshold: Yes
Additional withholding percentage: 2.00%
Education loan withholding: Higher Education Loan Program(HELP)
Medicare levy variation: No variation
There is no option in MYOB to do this, it can either be -
Tax-Free Threshold + HELP - this option doesn't allow me to enter in an additional witholding variation rate.
OR
Withholding Variation - this option doesn't allow additional tax-free threshold + HELP
Can someone please assist/advise on what I need to do?
Thank you!
Hi bto
You do need to select either Tax Free Threshold + HELP or Withholding variation in the Tax Table field, it's not possible to select both options for withholding PAYG. If you are wanting to withhold additional PAYG you will need to enter that amount in the Extra Tax field.
Please let me know if you need further help.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.