HELP Payment

Cultured

Hi Team,

when i am trying to deduct HELP payment for one of our employee getting fortnight payment $3300, RAH shows $164, but i check with table at ato for $3300 is $166. Why this difference. How to rectify that.

kind regards

klety

Acctd4

Hi Klety

This may be related to the configurations you’ve set - either for specific Payroll Items &/or in the employee record itself.

Are you able to take a screenshot of that specific tab in the employee record - where the HELP checkbox is - & a screenshot of a Paycheque ? (You can black out any identifying employee information)

Cultured

Hi

Tax should be $940 as per ATo

please helps me to sort out this issue.

Acctd4

Your pay period in that Paycheque is set to a fortnightly pay period, is that correct ?

Acctd4

I've just looked this up & the ATO Tax Withheld Calculator is also showing $ 938 (exactly as per your RAH Paycheque), not $ 940 :

Where are you looking that shows it should be $ 940 ? According to the employee details you've set up, the Paycheque is calculating the correct amount. Are you selecting any Tax Offsets or Medicare Levy Adjustments in your ATO calculation ?

Cultured

Hi,

see the help table in ATO website showing for $3300- $166

In PAYG withheld in ATO Tax table for $3300- $774

So Total $774+$166= $940

The above reason i got confused, .

I will follow the reckon thanks for the help.

Acctd4

Yes, using the online calculator is much simpler:

https://www.ato.gov.au/Calculators-and-tools/Host/?anchor=TWC&anchor=TWC/questions#TWC/questions

☺️

Cultured

Thanks Once again for your response for the above matter.

Acctd4

You’re very welcome @Cultured ☺️