How is the deductible pension/provident amount for tax calculation purposes calculated?

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• Why are the Pension and Provident employee and employer contribution amounts doubling on the Pension & Provident report?

  This applies to all PaySpace editions. Validate the respective Pension and Provident Fund Setup screen. The amount may be a result of duplicated pension and provident funds. Navigate > Configuration > Payroll > Administer Payroll Funds > Pension and ...

• Payroll Funds Setup | Pension and Provident Fund Setup

  About A variety of Pension and Provident Funds are available to choose from on the Pension and Provident Setup Screen. You can select and configure the relevant funds according to the company’s requirements. The Pension or Provident Fund needs to be ...

• How Does PaySpace Calculate The Periods Worked On The Employee Tax Drilldown Screen?

  A period worked is based on the calendar days in the month. One full period indicates that the employee worked for the entire month. The periods worked will accumulate year-to-date as the months progress, assuming the employee worked during those ...

• 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 Related FAQ How ...

• 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 ...