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spay:hrmsprocguide:fair_share_contribution_with_tax_on_tax [2026/02/19 11:37]
mclement
spay:hrmsprocguide:fair_share_contribution_with_tax_on_tax [2026/02/19 11:40] (current)
mclement
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  *  → **Use the Total Tax charged (exclusive of tax benefit) to verify the additional tax (PAYE and FSC) payable on the tax benefit**:   *  → **Use the Total Tax charged (exclusive of tax benefit) to verify the additional tax (PAYE and FSC) payable on the tax benefit**:
-  * ** That additional tax payable, tax borne by the employer, becomes itself a tax benefit on which the additional tax payable is calculated again. The process is repeated until the additional tax payable is near zero**+  * ** That additional tax payable, tax borne by the employer, becomes itself a tax benefit on which the additional tax payable is calculated again. The process is repeated until the additional tax payable is near zero**
Excel illustration Tax charged on PAYE benefit Excel illustration Tax charged on PAYE benefit
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{{:spay:hrmsprocguide:step_13.png|}} {{:spay:hrmsprocguide:step_13.png|}}
-  *  → **Verify the Total tax withheld in previous months and the Tax to be withheld in the month**+  *  → **Verify the Total tax withheld in previous months and ** 
 +  *  → **Verify the Tax to be withheld in the month**
Excel illustration Excel illustration

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