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How does Microkeeper calculate PAYG Tax?

Author @Microkeeper
Category Payroll
Last Modified 20/08/2017

Microkeeper uses the Australian Tax Office's Tax Tables to calculate the PAYG Tax amounts being deducted from an employee's Pay. 

The tax table used will match the Pay Period (eg Weekly, Fortnightly, Monthly). 

The main exception are the Working Holiday Maker tax rates

An additional factor is when Allowances are categorized as "Tax Free Allowances", which means they do not contribute towards the total Gross Taxable.