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Taxation TAB |
  
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Taxation TAB |
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Enter all the information given to you by the employee on the their taxation declaration form. If you do not fill in the TFN (Tax File Number) for this employee, they will automatically be taxed at the highest marginal rate. Therefore, please make sure that you have the employee's Tax File Number or the equivalent (see TFN below for certain circumstances) before going into this window, as the program will prompt you for a TFN before exiting the 'Employee Information' Window.
TAX Type - Click on the down arrow to select from a list of available types. See TAX Types.
FTB & various tax offset variations - Of these three lines, the last one is the total of the two above. FTB refers to the "Family Tax Benefit" scheme. Any amounts in these lines will be divided by 52 and taken off the tax calculated in an employee's weekly pay envelope.
Medicare Levy - Click on the down arrow to select the appropriate Medicare levy from the six (6) available, as per examples below:
1. Adj: Q 10, 12 Yes - if the employee has answered Yes to questions 10 and 12 on the Medicare Levy Variation Declaration.
2. Adj: Q 9, 10 Yes, Q 12 No - if the employee has answered Yes to questions 9 and 10 and No to question 12 on the Medicare Levy Variation Declaration.
3. Full Exemption: Q 6 Yes - if the employee has answered Yes to question 6 on the Medicare Levy Variation Declaration.
4. Half Exemption & Adj: Q 7, 10, 12 Yes - if the employee has answered Yes to questions 7, 10 and 12 on the Medicare Levy Variation Declaration.
5. Half Exemption & Adj: Q 7, 9, 10 Yes, Q 12 No - if the employee has answered Yes to questions 7, 9 and 10 and No to question 12 on the Medicare Levy Variation Declaration.
6. Medicare Levy Variation Not Claimed - normal (no adjustment).
Special Tax Table – An employee may be subject to a specific tax table given certain circumstances. Click on the down arrow to choose from the following available options
1.Horticultural Industry less than 6 months employment – applicable for those individuals seasonally employed in the horticultural industry. E.g. fruit pickers
2.Illness Separated Pensioner/Senior – applicable for aged pensioners and low incomeaged persons (senior Australians) who are separated by illness from their partners.
3.Shearing Industry less than 6 months employment - applicable for those individuals employed in the shearing industry.
4.Single Pensioner/Senior - applicable for aged pensioners and low income aged persons(senior Australians) who are living alone.
5.Member of a Couple Pensioner/Senior - applicable for aged pensioners and low incomeaged persons (senior Australians) living as a couple.
Tax Free Threshold - click in this box if it is applicable to this employee. If this is the employee's first job then it should be a 'Yes', otherwise 'No'.
Are you an Australian resident for taxation purposes ? – i.e. Yes / No
Tax Scale # - after you have filled in all the necessary information according to this employee's taxation declaration form - this field will tell you what Tax Scale this employee will be linked to.
Add Amount to TAX - an employee may nominate to have an additional amount of tax deducted during each payrun. The amount in this field is added to the tax installment that is calculated during a pay for this employee.
HECS Debt - click on the down arrow and select yes if the employee has an outstanding HECS (Higher Education Contribution Scheme) amount. The HECS supplement is added automatically to an employee's normal tax during a payrun. Please note that HECS is not payable on Termination payments.
SFSS Debt - click on the down arrow and select yes if the employee has an outstanding SFSS (Student Financial Supplement Debt). The SFSS is automatically calculated to an employee's normal tax during a payrun.
TFN - enter the Tax File Number for this employee. Remember the Tax File Number must be entered to avoid this employee being taxed at the highest rate. Once you have entered the Tax File Number it will be hidden by hash symbols (###-###-###-##), for security reasons.
In circumstances where an employee is not required to quote or has chosen not to quote a TFN see Temporary Tax File Numbers.
TFN Key - only those users that are on a Supervisor Level of Password can active this key to show the employee's Tax File Number.
ABN - enter the Australian Business Number for this person (if applicable). This field will only be available if the employee's tax type is 'PAYG Voluntary Agreement'
Payment Summaries - click on the down arrow and select Yes or No depending on whether or not a Payment Summary has been printed for this employee for the current financial year.
Leave Loading - click on the down arrow and select Yes or No depending on whether or not the employee is entitled to Leave Loading. No is generally for Part-Time or Casual Employee's that don't get paid Leave Loading. Tax is calculated a little less to compensate.
NOTE: If you have an employee that is on a Salary Package or Agreement, and Leave Loading is included in this package, then this option is also 'No'.
Click on the 'OK ' button to save your employee's tax details. If you do not wish to save the tax details then click on the 'Cancel ' button.