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spay:procguide:finproc_edfnewtaxrates20232024 [2023/07/07 01:39]
mclement 		spay:procguide:finproc_edfnewtaxrates20232024 [2025/05/14 17:52] (current)
mclement
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**  * (i) NO PAYE deducted from the monthly emoluments of an employee where such emoluments do not exceed Rs 30,000 (EXEMPT Employee) who submitted his EDF** **  * (i) NO PAYE deducted from the monthly emoluments of an employee where such emoluments do not exceed Rs 30,000 (EXEMPT Employee) who submitted his EDF**
 +
 +{{:spay:hrmsprocguide:hrmsmraexemptemployeenopaye20232024_3.jpg|}}
  * Employee's EDF record   * Employee's EDF record
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{{:spay:hrmsprocguide:hrmsexemptemployeenopaye20232024.jpg|}} {{:spay:hrmsprocguide:hrmsexemptemployeenopaye20232024.jpg|}}
 +
 +**  * (ii) New PAYE calculation on the chargeable income brackets provided by the MRA**
 +
 +{{:spay:procguide:tax_rates_applicable_on_chargeable_income_brackets_2023-2024.png|}}
 +
 +  * Employee's EDF record
 +
 +{{:spay:procguide:spay_edfonedependenttaxbrackets_1.jpg|}}
 +
 +  * Employee's PAYE calculation slip
 +
 +{{:spay:hrmsprocguide:hrms_payecalcsliponedependenttaxbrackets_1.jpg|}}
 +
 +**  * (iii) PAYE at flat rate of 15% where NO EDF is submitted by an employee who derives emoluments exceeding Rs 30,000 in a month**
 +
 +{{:spay:hrmsprocguide:hrmsmrapayeflatrate15percent20232024.jpg|}}
 +
 + * Employee's EDF record
 +
 +{{:spay:procguide:spay_edfflatrate15percentnoedfemoexceeds30k_20232024.jpg|}}
 +
 + * Employee's PAYE calculation slip
 +
 +{{:spay:hrmsprocguide:hrmspayeflatrate15percent20232024.jpg|}}
 +
 +**  * (iv) PAYE at flat rate of 15% where NO EDF is submitted by an employee who derives emoluments not exceeding Rs 30,000 in a month**
 +
 + * Employee's EDF record
 +
 +{{:spay:procguide:spay_edfflatrate15percentnoedfemonotexceeds30k_20232024.jpg|}}
 +
 + * Employee's PAYE calculation slip
 +
 +{{:spay:hrmsprocguide:hrmsedftpayeflatrate15percentemonotexceed30k_baron.jpg|}}
 +
 +
 +=============Illustration of tax calculation on the annual chargeable income of an individual=============
 +
 +{{:spay:procguide:tax_calculation_on_annual_chargeable_income_2023-2024.png|}}
 +
 +=============MRA illustration=============
 +
 +{{:spay:procguide:mra_tax_bracket_illustration.png|}}
 +
 +=============MRA Circular Letter No.1 (19 June 2023) - To All Employers - PERSONAL INCOME TAX - PAYE=============
 +
 +{{:spay:procguide:mrapayrolltaxes2023-2024.pdf|}}
 +
 +

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