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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|}}
 +
 +**  * (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
 +
 +{{: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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 +

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