So many businesses these days use computerised software for processing their wages – which is great!
But this also means that we leave it up to the software to calculate the amount of Pay As You Go Withholding to retain from an employees wages.
If you want to check the accuracy of your software, or perhaps you are an employee who wants to calculate the impact of a pay rise – you should take a look at the Australian Taxation Office (ATO) Tax Tables, you’ll find them here.
You can choose to print the table you need and then use it to look up the relevant figures, or you can the online tax calculator.
Whichever method you use, please ensure you read the instructions carefully, and fully consider the personal circumstances of the calculation you are estimating because there are many different options!