PAYG tax witheld

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  • Updated 2 months ago
Hi, have just looked at the Fortnightly Tax table published by ATO and it shows tax to be withheld for fortnightly earnings of $1,300 with No TFT to be $364.00, but when processing in Reckon Hosted it calculates tax to be $378.00. Whilst the difference is not vast, why does it differ from the figures on the ATO website?
Thanks
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Mark

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Posted 2 months ago

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Robyn Kelly (Partner), Accredited Partner

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Have you got an allowance or super item for $38 - $40 in that particular pay that you may have tax tracking enabled on?
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Mark

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Thanks Robyn for your reply. No allowances and no super other than standard SGC.
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Mark

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Have just done a further test and have worked it out - help debt box was ticked so even though amount earned is less than the threshold, it has provided an amount in relation to that, probably because of no TFT status.
Issue resolved as I now understand what has happened, Thanks