=============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:hrmsprocguide:hrmsmranewtaxrates20232024_2.jpg|}} * 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|}}