Differences

spay:hrmsprocguide:fair_share_contribution [2026/02/13 00:39] mclement		spay:hrmsprocguide:fair_share_contribution [2026/02/16 14:16] (current) mclement
Line 20:		Line 20:
	* Step 3: Ensure that the employee’s **Reliefs and Exemptions** are correctly applied according to his EDF.		* Step 3: Ensure that the employee’s **Reliefs and Exemptions** are correctly applied according to his EDF.
	* **(110000 * 9 / 13) + 0 + (0 * 1)** is illustrated via 3(a–e) and correspond to the following:		* **(110000 * 9 / 13) + 0 + (0 * 1)** is illustrated via 3(a–e) and correspond to the following:
-	* 3a → **110,000** shows an EDF was submitted in July 2025 with a total exemption of Rs 110,000	+	* 3a → **110,000** shows an EDF was submitted in July 2025 with a total exemption of Rs 110,000.
-	* 3b → **9** refers to the month of February 2026, which is the 9th month of the fiscal year.	+	* 3b → **9** refers to the month of February 2026, which is the 9th month of the fiscal year.
	* 3c → **13** represents the fiscal year runs from July 2025 to June 2026 and has 13 months, including the end-of-year bonus.		* 3c → **13** represents the fiscal year runs from July 2025 to June 2026 and has 13 months, including the end-of-year bonus.
	* 3d → **0** indicates that there is no EDF adjustment for previous months.		* 3d → **0** indicates that there is no EDF adjustment for previous months.
	* 3e → **0 * 1** indicates that no EDF adjustment is spread over the remaining months of the fiscal year.		* 3e → **0 * 1** indicates that no EDF adjustment is spread over the remaining months of the fiscal year.
-	* Step 4: Ensure that the **Chargeable Income** correctly corresponds to the difference between the Total emoluments (including Taxable benefits) and the less Reliefs and Exemptions.	+	* Step 4: Ensure that the **Chargeable Income** correctly corresponds to the difference between the **Total emoluments (including Taxable benefits)** and the **Less Reliefs and Exemption**.
	* Step 5: Check the **Tax Charged (PAYE)** from the Tax on Progressive Scale table. The table is illustrated via **Illustration B** below		* Step 5: Check the **Tax Charged (PAYE)** from the Tax on Progressive Scale table. The table is illustrated via **Illustration B** below
	* Step 6: Check the **Tax Charged (Fair Share Contribution)** from the Fair Share Contribution table. The table is illustrated via **Illustration C** below		* Step 6: Check the **Tax Charged (Fair Share Contribution)** from the Fair Share Contribution table. The table is illustrated via **Illustration C** below
Line 38:		Line 38:
	* **Illustration D**: Breakdown of the Tax paid in previous months		* **Illustration D**: Breakdown of the Tax paid in previous months
-	{{:spay:hrmsprocguide:in_previous_month_only_step_7_detailed6.png|}}	+	{{:spay:hrmsprocguide:in_previous_month_only_step_7_detailed7.png|}}
	* **Illustration E**: Breakdown of the Tax to be withheld in the month		* **Illustration E**: Breakdown of the Tax to be withheld in the month
	{{:spay:hrmsprocguide:tax_withheld_in_the_month_only_step_8_detailed2.png|}}		{{:spay:hrmsprocguide:tax_withheld_in_the_month_only_step_8_detailed2.png|}}
		+
		+
		+	* <fc #ff00ff>**For a clearer understanding of the figures in Steps 7 and 8, please refer to the PAYE Calculation Checklist for March 2026 below, once the February 2026 payroll has been finalised.**</fc>
		+
		+	*Below is the PAYE Calculation Checklist for the month of March 2026, including the Fair Share Contribution.
		+
		+	{{:spay:hrmsprocguide:paye_calculation_checklist_march_2026.png|}}
		+
		+	{{:spay:hrmsprocguide:march_2026_steps_7_and_8.png|}}
		+
		+