Employees tax in a nutshell
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Video Overview
The PAYE deduction on the payslip is calculated using PAYE remuneration, converting it to an annual equivalent, and then based on this annual amount calculating the annual tax liability based on the current year’s tax tables and rebates. This annual amount is then converted back to a monthly or weekly amount, whichever is relevant. In this tutorial we will focus on employees’ tax in a nutshell.
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