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spay:procguide:finproc_edfnewtaxrates20232024 [2023/07/07 02:02] mclement |
spay:procguide:finproc_edfnewtaxrates20232024 [2025/05/14 17:52] (current) mclement |
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** * (ii) New PAYE calculation on the chargeable income brackets provided by the MRA** | ** * (ii) New PAYE calculation on the chargeable income brackets provided by the MRA** | ||
- | {{:spay:hrmsprocguide:hrmsmranewtaxrates20232024_2.jpg|}} | + | {{:spay:procguide:tax_rates_applicable_on_chargeable_income_brackets_2023-2024.png|}} |
* Employee's EDF record | * Employee's EDF record | ||
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{{:spay:hrmsprocguide:hrmspayeflatrate15percent20232024.jpg|}} | {{:spay:hrmsprocguide:hrmspayeflatrate15percent20232024.jpg|}} | ||
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+ | ** * (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** | ||
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+ | * Employee's EDF record | ||
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+ | {{:spay:procguide:spay_edfflatrate15percentnoedfemonotexceeds30k_20232024.jpg|}} | ||
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+ | * Employee's PAYE calculation slip | ||
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+ | {{:spay:hrmsprocguide:hrmsedftpayeflatrate15percentemonotexceed30k_baron.jpg|}} | ||
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+ | =============Illustration of tax calculation on the annual chargeable income of an individual============= | ||
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+ | {{:spay:procguide:tax_calculation_on_annual_chargeable_income_2023-2024.png|}} | ||
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+ | =============MRA illustration============= | ||
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+ | {{:spay:procguide:mra_tax_bracket_illustration.png|}} | ||
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+ | =============MRA Circular Letter No.1 (19 June 2023) - To All Employers - PERSONAL INCOME TAX - PAYE============= | ||
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+ | {{:spay:procguide:mrapayrolltaxes2023-2024.pdf|}} | ||
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