Why does the calculated Tax in Reckon Payroll App differ from the tax amount determined in ATO table
faigey
Member Posts: 42 Reckoner
Example:
2023 F/Y - Reckons Earnings & Leave = $7500 per month; Allowances = $0.0; Deductions =$0.0
Results in Tax = $2245.00 and Net pay = $5255.00 and Superannuation = $787.50
VS
2023 ATO tax tables $7500 per month; Allowances = $0.0; Deductions =$0.0
Results in Tax = $1793.00( $1643 tax+ $150 medicare) and Net pay = $5707.00 and Superannuation = $787.50
0
Best Answers
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@faigey you may need to make sure the employee setup in Reckon is the right category to claim tax free threshold
1 -
Thank you for your answer. It works correctly now.
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