=============New Tax Rates (Fiscal Year 2023-2024)=============

**  * (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 

{{:spay:procguide:spay_abna_exemptemployeewithedfnopayenotexceed30k20232024.jpg|}}

   * Employee's PAYE calculation slip 

{{: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|}}