PAYG Tax

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Old Jun 21st 2005, 8:34 am
  #1  
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Default PAYG Tax

Hi,

On my salary of $45.00(per day) I have paid $8.00 as PAYG?Why and how PAYG works?How can we get it back?

Thanks,
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Old Jun 21st 2005, 8:46 am
  #2  
ABCDiamond
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Default Re: PAYG Tax

Originally Posted by smurtaza
Hi,

On my salary of $45.00(per day) I have paid $8.00 as PAYG?Why and how PAYG works?How can we get it back?

Thanks,
You can earn $115 pw tax free, and then the rest gets taxed at the relevant tax band rate.

At the end of the year, you do a tax return, and any overpayment or underpayment is then calculated.

You can normally get overpayments back within 7-14 days of lodging the return.
 

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