Does the system provide a breakdown of an employee's tax calculation?
Yes. PaySpace provides a Tax Calculation Breakdown for each payslip for South African entities, which can now be downloaded in PDF format.
Navigate > Employee > Payroll Processing > Edit Payslip > Other Actions > View > Tax Breakdown
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How can I confirm that the tax amount listed on the payslip has been accurately calculated?
South Africa's preferred method for calculating PAYE liability is the Average/Cumulative Tax Method, which is based on Year-To-Date (YTD) earnings. To confirm that the tax paid reflected on a payslip is correct, a breakdown of the tax calculation can ...Kenya | How do I configure the system so that an employee's bonus is included in their regular earnings tax calculation?
To make sure an employee's bonus is included in their regular earnings tax calculation, use the Bonus (Regular Earning taxation) component. Step 1: Create the component on company level. Navigate > Configuration > Payroll > Payroll Config > Payroll ...How can I obtain a tax calculation breakdown for non South African entities?
The system does not cater for tax calculation breakdowns for non South African entities. A manual tax calculation can be requested from africa@payspace.com.Why does the system not allow the value of an employee's tax paid to go into a negative?
As of March 2022 following changes were been made to the system in respect to negative results of the South African tax calculation - For all frequencies, MTD PAYE will no longer go into a negative (even though the YTD PAYE value is greater than ...Why would tax calculate on an employee whose salary is below the tax bracket?
The tax (PAYE) would calculate on an employee's payslip whose earnings are below the tax bracket if their Periods Worked is incorrect. Navigate > Employee > Payroll Processing > Edit Payslip Check the value next to "Divide by Periods Worked" - if ...