Did the employer calculated my PAYE correctly?
By Marc Sevitz · Updated
Please assist with these calculations:
I earn 31650 pm = 379800 pa (no other benefits). On resignation an amount of R14240. 31 was due to me for leave days. A further bonus amount of R28 485 was to be paid plus R 1360 for travel claim. My payslip reflects a PAYE amount of R20691. 76. Is this correct? I think the employer got it wrong.
I earn 31650 pm = 379800 pa (no other benefits). On resignation an amount of R14240. 31 was due to me for leave days. A further bonus amount of R28 485 was to be paid plus R 1360 for travel claim. My payslip reflects a PAYE amount of R20691. 76. Is this correct? I think the employer got it wrong.
Please make use of our SARS income tax calculator to work out the PAYE due.
Your final salary is annualised and taxed in a higher tax bracket. You need to complete a Tax Return for the year in order to reclaim any tax you may have overpaid.
Thanks for your help! Just to confirm, does the annualized final salary include all amounts paid on the last month such as leave days, bonus and the last travel claim?
It will include leave days and bonus.