tax deducted is too high

Paul MasonPaul Mason Member Posts: 56
edited July 15 in Accounts Hosted
I have not used payroll in years, just set up a new employee, Tax set as 2-TFT yet the amount deducted is higer than ATO tax tables list
What am I doing wrong pleaseimageimageimage

Comments

  • John GibsonJohn Gibson Member Posts: 47
    edited July 15
    What version of the software are you using? The latest? Check under Employees (top of screen, select Tax Table Information, latest version should be 1718262
  • Paul MasonPaul Mason Member Posts: 56
    edited June 2018
    Im using accounts hosted, I thought it would be the latest one
  • Paul MasonPaul Mason Member Posts: 56
    edited June 2018
    I just checked and yes its 1718262

  • Paul MasonPaul Mason Member Posts: 56
    edited June 2018
    I 1st set this employye up on salary 80K per year and then paiid weekly, when I saw the high tax amount I changed his rate to hourly and its still the same
  • John GibsonJohn Gibson Member Posts: 47
    edited June 2018
    Then check the set-up of the Super Clearing House payroll Item - maybe you have ticked for PAYG Tax (should be blank)
  • John GraetzJohn Graetz Member Posts: 1,652 ✭✭
    edited June 2018
    Excellent pick-up John.  Add the Super to the salary and the tax comes out exactly to the amount showing on the pay slip.
    John L G
  • Paul MasonPaul Mason Member Posts: 56
    edited June 2018
    Spot On John, yes it was in the super set up, fixed it now thabnks to you :-)
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